Properties sold at a tax deed auction must have delinquent taxes for at least two years before becoming eligible for a Tax Deed application. Properties go into tax deed auctions because owners have not paid property taxes. Determine the recording transfer tax, if necessary, and insert the information in the deed where indicated. Out of all my connections I separate them based on their buying preference: some don't deal with occupied units, some only want multi-units, some want rent ready, some do total rehabs, some don't want homes without a HVAC unit, some in certain neighborhoods.....lol only one so consider fire damage. The property deed will include a description of the property and identify the grantor (seller) and grantee (buyer) for a particular transaction. Also in my state you can get title certification after one year of holding tax deed, which is cheaper than an outright quiet title. You can get the tax number from your property tax bill or by visiting the local tax assessor’s office. Selling a tax lien/deed is simple in my state. Where in the process you want to sell will dictate what needs to be done. Here the actual home is sold at a public auction to the highest bidder. The Estate Tax Exemption is a lifetime exemption amount that gets smaller every time you use it. Selling a tax lien /deed is simple in my state. Taking this to another level, when the buyer becomes the seller (in future) - what would happen to the NEW buyer ? Or buy it then transfer it with their cash while at the courthouse with them during the 20 day "contract" period? In addition to the signature of the grantor(s), deeds must be acknowledged to be recorded and acceptable as evidence of ownership without other proof. We just need a few details to get you set up and ready to go! This is the number one most popular question I get from beginning tax sale investors. The Tax Deed Department sells property that is delinquent in taxes. If You Sell for Less Than Fair Market Value The Internal Revenue Service (IRS) doesn't consider gifts to be income, even if the gift is cash. If such were to occur and they were granted the right to redeem you would still get your money plus more back. I made connections with members here who do buy & rehab these  types of properties. Please tell me why I had a good number of THIRSTY WHOLESALERS contacting me trying to get my stuff under contract, who didn't have any money, and didn't have any buyers. Rehab the property and sell it. Both you and the buyer will need to sign the deed to seal the real estate deal. If the owner does not pay his/her taxes, in June of the following year a tax certificate will be sold by the Tax Collector. In tax deed sales, the taxing authority sells the title to the home. The tax deed conveys an ownership interest to the tax lien buyer. Every year, real estate taxes must be paid by property owners on a set date to avoid delinquency. If the tax lien is a higher priority than other existing liens on the property, the other liens will be wiped out at the time of purchase. Where can I obtain information about Tax Deed Sales? A tax deed sale is a sale, indeed. So we are back to square one. There are four ways tax delinquent property is sold: 1) tax lien auctions; 2) tax deed auctions; and 3) tax deed sales. No title company or lawyer needed. Base on your profile location, I assume you brought the deeds in GA. I put this figure into my cost estimate. The owner has received multiple notices over the years and has been provided multiple . Keep the property as a rental. The winning purchaser becomes the new owner and secures all rights to the property. In a tax deed sale, investors bid to purchase the property for the … §197.542, the auction is referred to as a “Tax Deed Sale” Post-Tax Deed Sale Issues. 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