Florida Tax Sale Basics: Tax Lien & Tax Deed Overview
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- เผยแพร่เมื่อ 5 ก.ค. 2024
- www.taxsalesupport.com Topic: Florida Tax Sale Process Training. We review how the Florida tax sale system works and how to invest in tax liens and tax deeds in Florida. We review live, online auctions and how to purchase tax liens and deeds over the counter.
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THE BEST INVESTMENT PERIOD: You can safely earn Double Digit Returns on your money with Tax Liens, and acquire property for 10%-50% of Market Value through Tax Deed Foreclosures. Learn about the new Foreclosure Opportunity available to investors and the methods used to invest in real estate tax liens and tax deeds. Learn about Tax sale buying methods including live auctions, online auctions, over the counter investing and Bank Owned Secondary Tax Liens & Deeds.
OUR COMMITMENT: At Tax Sale Support we are committed to giving inventors the tools and knowledge to become successful with Tax Lien and Tax Deed Investing. Tax Sale Support Founders Stephen Swenson and Shade Ferre have been teaching Tax Sale Investing strategies for over 20 years. Their strategies and techniques have been taught to over sixty thousand investors at seminars, coaching programs, online trainings and even on TV. You won’t find a better value for tax sale training then working with Stephen & Shades Team at Tax Sale Support.
Thanks, SJ Swenson
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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
Hi, would you be able to provide a link to the tax deed application for Lee County? I have been searching for the form or whatever the process is to submit a tax deed application.
Hello Emilio, the tax deed application and process in Florida can usually be found on the Tax Collectors website. If you cant find the information on their page you may need to call the collector to have them email you the form and process. Once you have filled out the deed application the tax sale will be scheduled with the Clerk of Court. The link to the Lee county tax collector is listed below. Thanks, Stephen www.leetc.com/taxes/tax-certificates
You're amazing!! Thank you!!!
Thank you, we really appreciate you checking us out. Thanks, SJ Swenson
Great, thanks. What are "Certs outstanding?"
Interested in early redemption for 5%. Is there any restrictions or consequences? Thank you in advance😃
What if the property that you did a deed application on does not sell in the auction
Once you purchase the ax deed and receive the QCD during that 2-4 week period does the previous owner have the right to redeem the property?
Hello, thanks for checking us out. No, in most cases especially if you received the deed they owner has no right to redeem the property. In most Deed States the owner will loose that right the day before the auction takes place. So in most cases and always in Florida the owner looses the right to redeem once the property has been sold at the auction. Thanks, SJ Swenson
Thank you! I fully understand the process now. Do you offer in-depth courses?
Thank you Oluseun for your kind words and questions. Yes we do offer a membership program for $29 a month and you can cancel at anytime. We also offer seminars and personal coaching as well. You can find out more about our Training at www.TaxSaleSupport.com Thanks again for checking us out. SJ Swenson
Will the county foreclose on a property if no one files the deed application?
Great Question Erin, it will really depend on the state. With Florida, its possible the county might if they own all of the liens on the property. But if the counties have to pay off other investors tax liens, then they probably wont. Its not really as common in Florida for the county to foreclose on the liens themselves. That's part of the reason why some properties have 7 years worth of back tax liens on them. Because none of the investors, or the county is doing the deed application. But in other states like South Carolina, the county will foreclose on them regardless if they are owned by the county or a tax sale investor. Hopefully that helps with your question. Thanks again for checking us out and let us know if we can do anything else. SJ Swenson
Hi we purchased two liens this week.do does that mean the owner will have to contact us to .try to buy it back? If they don't when can foreclose on it ? If we foreclose on it can we sell it for any amount?
In most states the owner will never contact you. The owner will pay the county - and then the county will pay you. If you bought a lien in Florida - you can start the foreclosure 2 years after being offered for sale. But if it was in Florida - you wont really own the property after you foreclosure on it because it will be sold at the tax deed sale. Once it sells at the tax deed sale the county will pay you back your money and interest. If the property does not sell at the deed sale then you get the property. But most good property will sell at the Tax Deed Sales in Florida. Florida is different than any other state, because you have both lien and deed sales. Thanks for watching and I hope this helps. Thanks, Stephen
What happens when a company buys a tax certificate and then a person (other than the owner) pays off the lien. Do they have the same rights as the successful bidder? ...to aquire a tax deed after two years??
If you purchase and win a tax deed. For that 2 year redemption period can you rent that property during that time?
The 2-Year redemption period only applies to Tax Liens. So if you buy the Deed you own the property - so you can rent it out. Thanks for watching. Stephen
Can we buy the property or request the deed to skip the auction after applying the Deed Application?
I guess you could try to buy it from the property owner, but really anyone can try to offer to buy the property from the owner. But from the county there is nothing really you can do. The property will either go to the deed sale or the owner will pay it off. Only if the property does not sell at the deed sale will the lien holder get the property. Hope this help. Thanks, Stephen
Would I be able to see the property before buying the tax lien?
Yes, you can drive past the property if you would like. Usually though with Tax Liens we can do enough research online for us to buy them sight unseen. So it just depends on what you feel comfortable with. Hope this helps and thanks for watching. SJ Swenson
So where do we go to bid/purchase the lien?
Hello Andrew, It will depend on if its a online or onsite auction. Most of the tax liens auction in Florida are held online. So if you go to the county Treasures website it will have a link to the Online Auction. Hope this helps. Thanks, Stephen
I see Florida tax liens for sale on Ebay. Are they worth buying or has the interest been bid down too much?
Its possible, but its always pretty risky. Many of the tax lien eBay sellers are buying OTC tax liens on junk property and then selling them. Its important to always look into the back taxes - to see how many other years of delinquent taxes are listed on the property. Its always about looking into the number and most the time the numbers don't work out on eBay tax liens. Thanks for watching.... Stephen
Is it true after you have a tax deed/QCD that you cannot flip and sell the property for 4 years?
Hello, no that's not true you can sell the property the day after you received the deed it if you wanted. Now, that does not mean you can sell it with a Warranty Deed. But you could wholesale it with a QCD to anyone that wants to buy it. It will take 4-years in Florida if you just wanted to wait so you could be eligible for a warranty deed. Or if you wanted you could go through Quiet Title and get a warranty deed in less time. Usually it will take you between 3-4 months to have the quiet title process done, sometimes more. But once you get the deed you can either choose to wholesale it for a discount as a QCD or you can get a Warranty deed and sell it for top dollar. Hopefully that answers your question. Thanks again, SJ Swenson
@@taxsalesecrets Yes it does, I appreciate you taking the time to explain this
Thanks again for watching!
What if one investor buys a Lien for one year and one buys for another year? Who has the right to foreclose?
Example: I purchase the 2018 lien you buy the 2019, who does the property belong to?
Hello Danny, great question. With Tax Liens the actual property does not belong to either lien holder. Tax Liens only give us the option to foreclosure if they property owner does not pay us back. But in the case where there is 2 liens on the property owned by different investors. As long is the tax lien is past the redemption period, it will usually be whomever forecloses on the property first. Because both liens hold the same power if they are both past the redemption period. So its really a first come first serve situation. But whomever forecloses on the property will be required to pay off any other lien holders. So whomever own liens on the property will at least get back their investment and interest. Hopefully that helps. And thanks for watch. SJ Swenson
This is great is there a website to log on
Hello Kenny, I am not sure what website you are referencing. If you can let me know what we where talking about, I might be able to help. Our Membership program can be found at www.TaxSaleSupport.com Let me know if you have any other questions, and we really appreciate you checking us out. Thanks, SJ Swenson
Your city hall will have the info and website. You can EASILY see they don't wanna help you. Just trying to sell a effing membership!!!!!
And they are liars!!!!! I don't even buy houses (yet) and I know exactly what you were talking about.
If I buy a tax lien on a property, and they redeem the next month, what percentage do I get?
5%
So hypothetically if I were to buy a $20 lien and it was never paid back and went back to a deed auction and wasn’t sold I could potentially be getting that entire property for $20?
With Tax Liens any other back years taxes will also need to be paid off to foreclosure on the property. So as an example lets say you bought a $20 lien from 2021. But what if the property also has tax liens from 2020, 2019, 2018 and so on? All those other years tax liens would need to be paid to foreclosure on the property. Also in Florida - it is the lien holder that needs to file the deed application to send the property to the tax deed sale. So really either you - or one of the other lien holders from another year - would have to send it to the deed sale. This is part of the reason why many $20 liens on useless land never get foreclosed on and sent to the deed sale. Because its not worth it to pay off all the other years back taxes plus pay at least $200 to file a deed application. But if you did pay off any other liens and paid that fee - and it did not get purchased at auction, you would get the property after the deed sale. But usually if the property does not sale at the auction in Florida its because its not worth the opening bid amount. Hope that helps. Thanks, Stephen
@@taxsalesecrets Yes that helped me a lot, thank you. What would happen if multiple people bought liens and wanted to take ownership after paying off different liens?Who takes priority over the lien?
Do houses ever go into tax limbo where no one ever buys the property and tax on it keeps accruing over years and years? What happens to those properties?
Yeah you can but you stand a better chance if you bin as well because if you don’t bud someone will get it in auction
👍🏾
Thank you, we really appreciate you checking us out. Thanks, SJ Swenson
Who receives the proceeds for the sale of the tax deed?
Great Question,
First would be any other government liens would be paid. (City, State, Fed)
Second would be the past property owner. (old owner)
Thanks for watching.. Stephen
If you buy a tax lien how can you own the tax deed?
Hello Vanessa! In most states you buy a tax lien, the only way to get the deed is if the property owner does not pay back the lien. The as the lien holder you can foreclose on the property and get the deed. But in Florida its different, the lien holder will not get the deed unless no one buys it at the tax deed sale. Because Florida offers both Tax Lien and Tax Deed Auctions. So liens that don't get paid back get sent to the deed auction to be sold. So if you want the deed, you will probably need to bid on it at the deed auction. Hopefully that help. Thanks, SJ Swenson
@Tax Sale Secrets Awwwww thank you soooooooooooo much. I’ve been inquiring about this for a minute now. 😍all questions answered. God Bless You.
Hello Vanessa, sounds great. We are happy we where able to help. Thanks again for checking out our Trainings. Stephen
I'm sorry but I'm confused about something. Let's say a person took out a loan for $200,00 and still owes $100,000 to a bank for the property that they are living in. They didn't pay taxes so an investor comes along and bought the tax deed. After two years they file to get the house, how does the bank get back the $100,000 that is still owed to them?
Hello Stacy, in most cases the bank wont get back the $100,000. The bank is just like the property owner, and if they don't step in to pay the back taxes - they will loose the property just like the owner. The county is required to notify the owner and bank about the upcoming foreclosure, and its on them to pay they taxes. And if they don't than the judicial foreclosure will eliminate the banks $100,000 and the property will no longer be attached to the loan. Hope this answers your questions and thanks for watching... Stephen
@@taxsalesecrets Thank you so much for clarifying this for me.
So you are telling me that once I pay the taxes I don't own the property? It goes back to the auction??? Everything in FL is so complicated. Welp guess I will look into other states.
Yes, in Florida with Tax Liens you will usually only get the interest rate return. But for investors that only want to earn interest and not get property - its a good state to invest into. Thanks, Stephen
@@taxsalesecrets so if I pay $2000 at bid they hold that money until when. If someone outbids you is that when you get paid. What if they don’t pay?