Questions and Answers
What is a Tax Deed Sale?
A tax deed sale is the forced sale, conducted by a governmental agency, of real estate for nonpayment of taxes. This sale is for the actual property being auctioned off for sale.
What is a Foreclosure Sale?
The legal process by which an owner’s right to a property is terminated, usually due to default. Typically involves a forced sale of the property at public auction with the proceeds being applied to the mortgage debt.
What is the advantage of purchasing a Tax Deed Sale vs a Foreclosure Sale?
When you purchase a property at a Tax Deed Sale you will receive the deed to the property, which means ownership and all rights associated. Government & local taxing authorities have put a lien on the property to collect the back taxes and this lien will take priority over 1st and 2nd mortgage liens and therefore wipe out all of those liens on the property. When you purchase a foreclosure property, you will be responsible for paying back any and all liens associated to the property.
What is a Tax Lien Sale?
A tax lien sale is the sale, conducted by a governmental agency, of tax liens for delinquent taxes on real estate. This sale is for the interest on the taxes owed, not for the actual property.
What is an On-line tax deed auction and how does it work?
An on-line auction is one in which you may participate in the bidding on-line instead of in person. Each participating county has its own auction rules and regulations and we will provide you with the specific links and instructions.
What is a quiet title?
This is a court action to establish ownership of a property. An action to quiet title is a lawsuit brought in a court having jurisdiction over land disputes, in order to establish a party’s title to real property against anyone and everyone, and thus “quiet” any challenges or claims to the title.
What is a quick claim deed?
A deed that transfers whatever interest or title a grantor may have, without warranty. A quitclaim deed is a term used to describe a document by which a person (the “grantor”) disclaims any interest the grantor may have a piece of real property and passes that claim to another person (the “grantee). A quitclaim deed neither warrants nor professes that the grantor’s claim is valid. By contrast, the deeds normally used for real estate sales (called grant deeds or warranty deeds, depending on the jurisdiction) contain guarantees from the grantor to the grantee that the title is clear. The exact nature of the warranties varies from jurisdiction to jurisdiction. Quitclaim deeds are sometimes used for transfers between family members, gift, placing personal property into a business entity, or to eliminate clouds on title, or in other special or unusual circumstances.
What is Florida Statue Chapter 197
http://www.flsenate.gov/statutes/
What does it mean if a property gets redeemed?
Redeemed properties have had their delinquent taxes paid prior to the start of the Tax Deed Sale, therefore they will not be offered at the sale.
How can I find out about the economy of the area I’m interested in attending a sale? http://quickfacts.census.gov/qfd/
Why is your website different from the other sites?
Unlike other companies, Taxdeedlists.com gives investors participating in these tax deed sales the opportunity to gather their money in an efficient, cost effective manner. Similar companies charge a large monthly user fee and then sell property lists at about $1 per sheet. By comparison, Taxdeedlists.com charges a reasonable flat membership fee, which includes hundreds of these lists that are posted to the website each month, along with the instructions and online tools you will need to guide you through the process from start to finish.. This is all provided to you with easy, simple instructions on how to navigate our site. This is a proven system our company has used for many years to generate incredible returns through Tax Deed Sales.
What is the Lands Available For Taxes?
Properties that where available at the tax deed sales, but were not sold.
How can I quickly determine the value of any property?
Immediately. We have all this information available for each county once you become a Member.
I’ve never invested before, how easy is your site to use?
Our program is the Easiest, most comprehensive site available that can be use by anyone regardless of experience. We will guide you through the Tax Sale process from start to finish. We have created this user friendly site with the commitment of providing the most updated information in the easiest format.
