North Carolina Tax Sale Basics: Tax Deed Foreclosure Overview
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- เผยแพร่เมื่อ 4 ต.ค. 2024
- www.taxsalesupp... Topic: North Carolina Tax Sale Process Training. We review how the North Carolina tax sale system works and how to invest in tax deeds in NC. We review live auctions and how to purchase tax deeds over the counter.
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Thanks. This was just what I was looking for.
Hello Investors, thank you for checking out our video Training. If you have any questions feel free to ask them in the comment section. We will respond and possibly feature your question in an upcoming "TSS Weekly Update" video. Thanks again for checking out our TH-cam channel and good luck investing. Thanks, SJ Swenson
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Hi, what happens if the property in North Carolina has a mortgage? I am talking in a tax foreclosures..
Thank you!
You're welcome! Thanks for watching...
Hello, I called Meklenburg county, NC (Charlotte) and they said you cannot do this online at any point.
Hello, if you are talking about online auction in Meklenburg county that could very well be the case. There is only a couple of small counties in North Carolina that offer them online. And its usually only a property or two they have for sale in online auctions. Most NC counties hold the sale in person at the county courthouse. Thanks for checking us out. Thanks, SJ Swenson
Correct and honestly I like it that way ;)
What about other types of foreclosures such as HOAs
Awesome information but i cant find any info for Vance County
Hello, we usually only have time to go over the state. So we wont have anything on Vance county except for maybe in our Lists available to our Members. But you can look up the county and see when the next sale is taking place. Hope that helps and thanks for watching! Stephen
Hello. I can't find any update information on purchasing tax deeds in Columbus county. Where could I find further or any information at this point?
Hello Latasha, you can either check the County's Tax Office or you can become a member and download the list on www.TaxSaleSupport.com It look like there next auction will be held in August of this year. So you have got time to prepare for the next auction. Thanks, SJ Swenson
Latasha Shipman
Pay us and we will tell u
If I get upset by a higher bidder do I get my money back and how?
Yes, the county will refund your money. They will usually send a check within 30-Days. Hope this helps and thanks for watching!
Hi, can you tell me where I can find the NC online auction list?
How often do you see the tenants trash the home before leaving
Hello Kyle! Really not as often as you think, many times the home are vacant. But for those tax deed homes that have either owners, family or tenants - we try to work something out after buying. That could be selling it to them, renting it to them, or giving them some cash to get into a new place if they don't trash it. But it is a risk, we just do what we can to avoid it. Thanks for watching... Stephen
What happens to the properties that don't get sold at the auction?
They go on the county's books as surplus properties.
Hi I am interested in finding a list of properties that were sold in foreclosure in NC with the amount they were sold for and the name of the former owner. I live in NC. How and where might I find this type of list?
It kind of depends on what type of foreclosure you are asking about. With Tax Deed Foreclosures you will need to contact the Tax Department in the county that handle the auctions. But in some cases you will need to contact the Law Firms when counties use attorneys to sale their tax deeds. With Mortgage Foreclosures you will generally need to contact the counties sheriffs. We do provide Overage/Surplus lists to about ten states to our Members on www.TaxSaleSupport.com. Hopefully that should give you some direction about North Carolina. Thanks, SJ Swenson
Once I receive my commissioner deed does that mean I can evict the person currently living there?
Would I have to quiet the title with a commissioners deed or could I sell it to a wholesaler without doing so?
Yes, you can sell the tax deed "as is" if you want to anyone including an investor. But you will be selling the property for a discount because its not warranted. So if the property has enough value it can make since to take it through Quiet Title. Thanks, and I Hope this helps! Stephen
@@taxsalesecrets Thanks
I have a question if you win a bid on tax foreclosure does that void out any mortgage Lien?
Yes in most states the foreclosure will void out any mortgage. But other governmental liens can still attach to the property. Hope this helps! Thanks
@@taxsalesecrets what might be an example of such a situation like what government lean type
Is all bidding online now due to covid??
Not all, but many state have. Hope that helps and thanks for watching! Stephen
Are bidders notified of an upset bid??
Hello Nya, thanks for watching... They should be notified about an upset bid. But you will want to keep in contact with the county near the end of the upset period just to make sure. Hope this helps, and thanks again. Stephen
At county court house tax deed auction will you get notified during the 10 day period that you got outbid to counter bid if you decide to?
Keep an eye on it the results are online in my county I show up. If you’re out bid then the 10 days start again so no big deal theoretically you have 11 up to 20 days I’ve seen some of these go for a whole year with the back and forth
Hello you stated upset bidders do not have to join the auction to acquire the property. Does this mean the property is posted somewhere online? Ty.
Yes but every county is different
I read where Gwinnett’s county Georgia does not allow 3rd parties to file for tax overages. I am interested in doing business in NC, SC and Mississippi. Do any of these have such laws?
Hello, thanks for checking us out. When it comes to regular Tax Sale investing you could answer your question. But with overages laws, we are not really experts on the details from State to State. So you are going to need to check and see what the laws are from state to state. We personally focus on tax liens and deeds more than the overage side. But we do provide overage lists to our members. We are looking at some overage trainers we can bring on to teach our members more about Overages. Thanks again, SJ Swenson
North Carolina moves very slow
They let the taxes get up to 100k before they bid...