Some of the more common questions we receive from tax deed investors involve the list of lands and escheatment tax deeds. In this post we . . .
Local Governments depend on property taxes for funding of the critical services we all rely on like public schools, road maintenance, public safety and healthcare, to just name a few.
So what happens to a community and its services when property taxes go unpaid? Well you wont be surprised to learn that delinquent property taxes impede the provision of important government services and the local government’s fiscal health declines.
Florida tax deed investors are fortunate in that the statutes surrounding tax deeds tend to provide an abundance of protection for the tax deed purchaser. One example of this is Statute 95.192, which states that after the new tax deed owner has been in possession of the property for four years prior owners cannot come forward to challenge the tax deed sale.
Cleartosell has had the fortunate opportunity to attend several tax sale industry related events this year resulting in positive experiences all around. Our principal attorney, Paul A Krasker, and our senior staff attorney Megan F Schmidt recently had the pleasure of giving a presentation on two of these occasions.
It is common for a tax deed investor to dismiss the need for title insurance on tax deed properties they do not plan on selling. But holding a tax deed property without title insurance is putting the investment at major risk of losses, or unplanned costs. The case for getting title insurance…
You just acquired a piece of land from a tax deed auction and there is a mobile home on it; what does this mean to you as purchaser? Do you now own the mobile home as well? Can you move it off of the property? We have had the opportunity to assist our clients with quite a few mobile home issues lately, and we decided to write this post to help answer a few of these questions for your benefit too.
Cleartosell recently exhibited at an event where we spoke with a tax deed investor who mentioned that he prefers buying vacant land at auction rather than land with structures on them because of the lower maintenance and easier upkeep involved. Since we normally deal with investor clients who buy single-family homes or condos to flip or rent out, we investigated the issues associated with tax deed vacant land and share our findings below.
Self directed Individual Retirement Accounts are best known for offering a range of assets that can give them the best returns. This flexibility allows the account holder to diversify their retirement portfolio. Heres the good news, tax lien certificates and tax deeds are among the types of real estate investments to choose from, so the impressive returns achieved on these assets can be realized in your IRA-effectively tax-free!