Tax Deed is a legal document that grants possession of a property to the government when the property owner fails to pay the amount owed. It authorizes the government to sell the property to accumulate the delinquent taxes and transfer property to the investor.
by Tax Deed Expert
Mario Prisciandaro from Lake Mary, Florida
An Overview of Tax Deeds
Tax Deed sales are a public auction in which property is sold to recover
delinquent property taxes. In Florida, the failure to pay property or real
estate taxes and the buildup of resulting debts can have severe penalties.
One such consequence is the sale of the property to recover the payable
amount. This type of auction is legally held in the country where the
property is located and is known as Tax Deed Sale.
Tax Deed Sales occur after the Tax collector issues tax certificates for
non-payment of yearly property taxes. Tax Deeds are issued by the clerk
of the circuit & county court to the highest bidder, and the property
owner then losses all rights by default.
Tax Deed Sales serve as a great opportunity for investors to invest in
properties. It acts as the biggest way of earning for investors. Tax Deed
Sales gives the government the authority to sell the property to collect the
delinquent taxes and at the same time transfer the property to the investor.
Tax Deed Sales are conducted or held generally at auctions.
Basic Steps to Invest in Tax Deeds
Pick your Strategy- Choose one –Tax Liens & Tax Deeds as your investment strategy.
Learn the System- Different countries have a different set of rules for Tax Deed Sales. You need to
understand how you will be needed to pay for a winning auction bid. Some countries demand
immediate payment while others require same-day payment.
Choose your State- Decide on your investment location as it happens to be a reward-based
Basic Steps to Invest in Tax Deed continued
Refine your Investment Zone- After you have chosen the investment state, start speaking to the
local realtors to get information & statistics to define your investment zone.
Find Tax Sale Listings- Make a list of all countries that come in your investment zone. Then call the
country tax department & know the process to request a tax lien or deed sale list.
Bid on your First Investment- Now that you have received the tax lien or deed list, organize it and
do research then bid on your first investment.
Mario Prisciandaro from Lake Mary, Florida is a Tax Deed Expert & has a
vast knowledge on intricacies of Tax Deed Sales. The content on the same
has helped a multitude of investors’ secure valuable investment
throughout Florida. Follow the creative expert to gain knowledge on
different aspects of Tax Liens & Tax Deeds Investing.