What are tax deed sales?
Tax deed sales are public sales held for the purpose of paying the delinquent taxes on real property.
The owner of real property has to pay taxes every year on that property. If the owner fails to do so, a tax certificate is issued. Someone, in essence, pays the taxes for them and then they obtain a certificate in that amount on which interest accrues.
After a certain amount of time, the owner of one of those tax certificates can apply for a tax deed sale. The property would be sold to satisfy the tax certificate and convey ownership of the property to the successful bidder at the tax deed sale.
Foreclosure FAQ
- How long does the foreclosure process usually take in Florida?
- What are tax deed sales?
- What do I do after I am served with a summons and foreclosure complaint?
- What happens if I just mail the keys to the bank and walk away?
- What is a deed in lieu of foreclosure?
- What is a deficiency judgment?
- What is a judgment debtor’s examination?
- What is a lis pendens?
- What is a short sale?
- What is foreclosure?
- Why are affirmative defenses to a foreclosure different than just an answer with denials?
- Do I have to move out of my home during the foreclosure process in Florida?
- Does a tax deed sale provide a marketable title?