Properties — How To Buy Tax Sale

Even after you "win," the original owner often has a legal right of redemption . This is a window (months to years) where they can pay back the taxes plus interest to get their house back. If they pay, you get your money back plus interest.

You buy a "tax lien certificate." You don't own the house yet; you own the debt. You earn interest on that debt, and if the owner never pays you back, you can eventually foreclose to take the property. 2. The Step-by-Step Process

Buying a tax sale property is a "high-risk, high-reward" investment where a government body auctions off real estate because the owner has failed to pay property taxes. 1. Know the Two Main Types how to buy tax sale properties

Contact your county treasurer or tax collector's office for the "delinquent tax list".

Visit the property (though you often can't go inside) and check for other liens like mortgages or utility bills that might not be wiped out. Even after you "win," the original owner often

If you win, you must usually pay the full balance very quickly—often within 48 to 72 hours. 3. The "Redemption Period" Catch

Most auctions require you to register in advance and may ask for a deposit (e.g., 10%–15% of the property value). You buy a "tax lien certificate

You are either buying the property itself or the right to collect debt: