What Is a Tax Sale Property?

By |2021-11-14T00:46:02-05:00November 27th, 2021|Categories: Real Estate, Selling, Taxes|Tags: , , |0 Comments

Usually when you’re looking to purchase a house you don’t want one that has a tax lien, but such a home can be purchased through a tax sale. So how do tax sales work? There are two kinds of tax sale homes: a tax lien sale home and a tax deed sale home. Each involves homes that have unpaid property taxes. During a tax lien sale a lien is auctioned off to the highest bidder. That bidder then has the right to collect the lien, as well as interest, from the homeowner. If the homeowner can’t pay the lien the