| There are times when a property owner is unable to | | | | the amount of the lien plus interest charges, usually |
| pay the required property tax. At such a time they | | | | 16-18%, to you. This allows you to have two options a |
| become a delinquent taxpayer and the appropriate | | | | higher percentage of interest in case the repayment is |
| governing authority is in charge for collecting property | | | | made, or the possibility of the deed of the concerned |
| taxes. This collection can be achieved by a tax | | | | property if the delinquent taxpayer fail to repay.A |
| auction. That brings us to the question What is a Tax | | | | court-appointed referee carries out the auction. At the |
| Lien auction? A Tax Lien auction is a court-ordered | | | | beginning of the auction, the referee announce the |
| auction. Depending upon the state and the nature of | | | | terms of the sale, the required deposit to be made at |
| sales it can be an auction for tax deed sales or tax | | | | the auction. Usually, you are required to pay 10% in |
| lien certificates.In case of an auction for the tax deed, | | | | form of a certified check which are payable to the |
| the property is sold to satisfy the existing delinquent | | | | referee.Remember, the properties sold in these |
| taxes. An auction of the tax lien certificate involves | | | | auctions are sold "AS IS, WHERE IS, WITH ALL |
| selling a certificate to claim the total sum of taxes | | | | FAULTS." Even if a property is under a tax lien |
| owed and any administrative charges and interest on | | | | foreclosure, you do not get right to enter the property |
| the amount owed.If you purchase a tax lien certificate, | | | | for an inspection. You are required to place your bid |
| you are required to make the payment against the | | | | accounting this uncertainty. You should investigate the |
| required property taxes for the delinquent taxpayer. In | | | | property as best you can, but you cannot inspect the |
| turn, the delinquent taxpayer is required to pay back | | | | interior prior to the sale. |