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Tax Forfeited Properties refer to real estate which is forfeited to the state, county, city, or other taxing jurisdiction for non-payment of real estate property taxes. There are two primary methods of acquiring these properties for pennies on the dollar. The first method is to attend public auction sales where the taxing jurisdiction actually sells the property to the highest bidder.
These sales can be:
Ministerial foreclosure sales
Judicial foreclosure sales.
Ministerial tax sales: refer to property that is sold by the taxing jurisdiction, normally to the highest bidder for cash, after following the statutes relating to such sales.
Judicial foreclosure types of sales: refer to property that is sold by the taxing jurisdiction, normally to the highest bidder for cash, but only after a court orders the sale of the property. The judicial procedure can sometimes take months or even years after the initial foreclosure law suit is filed. However, the deed received by the highest and best bidder is one of the best type of deeds that you can receive.
Some of the more common auction items include:
used autos • marine vehicles • jet skis • aircrafts • homes • real estate • commercial property • farm equipment • industrial • business • electronics • computers • antiques • art • coins • stamps • appliances • guns • travel • collectibles • clothing • crafts • boats • bikes • motorcycles • mobile homes • jewelry • toys • cars • trucks • mopeds • bicycles • cameras • televisions • clocks • furniture • unclaimed property • abandoned property • personal property • office furniture • condominiums • town homes • commercial property • vacant land • single family homes • machinery • tools • hardware • building supplies
and much, much more...
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