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Tennessee
Sale Type: Redeemable Tax Deed
Interest Rate: 10% APR
Bid Method: Premium Bid
Redemption Period: 1 Year
Sale Date(s): Varies by County
State Statute(s): Title 67
Over-the-Counter: Yes - County Surplus Property
State Website: http://www.state.tn.us/
Tennessee County Website: http://tennesseeanytime.org/local/counties.html
Contact Info for all Counties: http://www.comptroller1.state.tn.us/PAnew/ListAssessorsTrustees.asp
Interest Rate: 10% APR
Bid Method: Premium Bid
Redemption Period: 1 Year
Sale Date(s): Varies by County
State Statute(s): Title 67
Over-the-Counter: Yes - County Surplus Property
State Website: http://www.state.tn.us/
Tennessee County Website: http://tennesseeanytime.org/local/counties.html
Contact Info for all Counties: http://www.comptroller1.state.tn.us/PAnew/ListAssessorsTrustees.asp
Tennessee State Overview:
Tennessee is a state that is a little different than most deed states because it is a redeemable deed state. One thing that an investor can do once he has won the Tennessee tax deed is to apply for an immediate writ of possession. If the writ is approved, the tax deed purchaser can collect rent on the property for the first year or until the deed is redeemed. This has been proven to be a very lucrative action. There is a one year redemption period for the State of Tennesee.
This annual 10 percent interest rate is simple interest. The 10 percent interest rate is added to any surplus or overbid along with the full amount of the tax deed price paid by the investor.
The highest bidder is the one that is willing to pay the most for each of the tax deeds. All fees, penalties, and administrative costs are included with the opening bid.
The tax deed buyer can take possession to the tax deed one year after the winning bid.
Tennessee is a state that is a little different than most deed states because it is a redeemable deed state. One thing that an investor can do once he has won the Tennessee tax deed is to apply for an immediate writ of possession. If the writ is approved, the tax deed purchaser can collect rent on the property for the first year or until the deed is redeemed. This has been proven to be a very lucrative action. There is a one year redemption period for the State of Tennesee.
This annual 10 percent interest rate is simple interest. The 10 percent interest rate is added to any surplus or overbid along with the full amount of the tax deed price paid by the investor.
The highest bidder is the one that is willing to pay the most for each of the tax deeds. All fees, penalties, and administrative costs are included with the opening bid.
The tax deed buyer can take possession to the tax deed one year after the winning bid.
Utah
Sale Type: Tax Deeds
Bid Method: Highest Bidder/Bid Down % of Ownership
Sale Date(s): 3rd Thursday in May
State Statute(s): Title 59, Ch 2
Over-the-Counter: Yes
State Website: http://www.utah.gov/index/html
Utah County Website: http://www.uacnet.org/county/
Bid Method: Highest Bidder/Bid Down % of Ownership
Sale Date(s): 3rd Thursday in May
State Statute(s): Title 59, Ch 2
Over-the-Counter: Yes
State Website: http://www.utah.gov/index/html
Utah County Website: http://www.uacnet.org/county/
Utah State Overview:
All of the counties in Utah have their tax deed sales on the same day at the same time. Therefore it is a good idea to decide which county you want to work in or have some assistants to help you with more than one sale. Once a deed is purchased from the sale, it takes approximately 30 days for the county to send you the tax deed. All tax deed properties must be paid for at time of purchase. Some counties will allow you enough time to go to your bank if it is within an hour's time. Only cash, cashier's check or certified funds are accepted. Once a property has gone through the tax deed sale and did not sell, an investor can contact the county to purchase a property for the opening bid price. The county will sell a property after it has been delinquent for five years. The property owner has up until the auction starts to pay off his or her back taxes, penalties, and fees. The county will also list the tax deed properties in a local newspaper about four weeks prior to the sale. Auctions are conducted at the county courthouse.
Utah is an "Oral Bid," and all participants must register prior to the sale. This can be done on the day of the sale. The most common method is the Premium Bid. The starting bid will include the back taxes, penalties, interest and any administrative costs. The property will go to the highest bidder. The second type of bidding is is the "Bid Down % of Ownership" method. The opening bid will include the back taxes, penalties, interest, and any administrative costs. The investors will bid down the ownership of the property starting at 100% of the property value. This then becomes a partnership with the previous property owner. The person willing to take the lowest percentage of ownership on that particular tax deed will be the winning bidder. http://www.utahlegalnotices.com/ is a great website to find listings of Utah tax deed properties. However, all of the sales will be announced at least three weeks prior to the sale in the local newspaper and on the county website. All Utah lists can be found on noriskinvestor.com in the Download Center at the start of May. The county Auditor conducts the sale. You can have someone bid in your stead with a notarized statement authorizing that person to bid for you.
All of the counties in Utah have their tax deed sales on the same day at the same time. Therefore it is a good idea to decide which county you want to work in or have some assistants to help you with more than one sale. Once a deed is purchased from the sale, it takes approximately 30 days for the county to send you the tax deed. All tax deed properties must be paid for at time of purchase. Some counties will allow you enough time to go to your bank if it is within an hour's time. Only cash, cashier's check or certified funds are accepted. Once a property has gone through the tax deed sale and did not sell, an investor can contact the county to purchase a property for the opening bid price. The county will sell a property after it has been delinquent for five years. The property owner has up until the auction starts to pay off his or her back taxes, penalties, and fees. The county will also list the tax deed properties in a local newspaper about four weeks prior to the sale. Auctions are conducted at the county courthouse.
Utah is an "Oral Bid," and all participants must register prior to the sale. This can be done on the day of the sale. The most common method is the Premium Bid. The starting bid will include the back taxes, penalties, interest and any administrative costs. The property will go to the highest bidder. The second type of bidding is is the "Bid Down % of Ownership" method. The opening bid will include the back taxes, penalties, interest, and any administrative costs. The investors will bid down the ownership of the property starting at 100% of the property value. This then becomes a partnership with the previous property owner. The person willing to take the lowest percentage of ownership on that particular tax deed will be the winning bidder. http://www.utahlegalnotices.com/ is a great website to find listings of Utah tax deed properties. However, all of the sales will be announced at least three weeks prior to the sale in the local newspaper and on the county website. All Utah lists can be found on noriskinvestor.com in the Download Center at the start of May. The county Auditor conducts the sale. You can have someone bid in your stead with a notarized statement authorizing that person to bid for you.
Virginia
Sale Type: Redeemable Tax Deed
Interest Rate: 10% APR
Bid Method: Premium Bid
Redemption Period: 1 Year
Sale Date(s): Varies by County
State Statute(s): Title 67
Over-the-Counter: Yes - County Surplus Property
State Website: http://www.state.tn.us/
Tennessee County Website: http://tennesseeanytime.org/local/counties.html
Contact Info for all Counties: http://www.comptroller1.state.tn.us/PAnew/ListAssessorsTrustees.asp
Interest Rate: 10% APR
Bid Method: Premium Bid
Redemption Period: 1 Year
Sale Date(s): Varies by County
State Statute(s): Title 67
Over-the-Counter: Yes - County Surplus Property
State Website: http://www.state.tn.us/
Tennessee County Website: http://tennesseeanytime.org/local/counties.html
Contact Info for all Counties: http://www.comptroller1.state.tn.us/PAnew/ListAssessorsTrustees.asp
Tennessee State Overview:
Tennessee is a state that is a little different than most deed states because it is a redeemable deed state. One thing that an investor can do once he has won the Tennessee tax deed is to apply for an immediate writ of possession. If the writ is approved, the tax deed purchaser can collect rent on the property for the first year or until the deed is redeemed. This has been proven to be a very lucrative action. There is a one year redemption period for the State of Tennesee.
This annual 10 percent interest rate is simple interest. The 10 percent interest rate is added to any surplus or overbid along with the full amount of the tax deed price paid by the investor.
The highest bidder is the one that is willing to pay the most for each of the tax deeds. All fees, penalties, and administrative costs are included with the opening bid.
The tax deed buyer can take possession to the tax deed one year after the winning bid.
Tennessee is a state that is a little different than most deed states because it is a redeemable deed state. One thing that an investor can do once he has won the Tennessee tax deed is to apply for an immediate writ of possession. If the writ is approved, the tax deed purchaser can collect rent on the property for the first year or until the deed is redeemed. This has been proven to be a very lucrative action. There is a one year redemption period for the State of Tennesee.
This annual 10 percent interest rate is simple interest. The 10 percent interest rate is added to any surplus or overbid along with the full amount of the tax deed price paid by the investor.
The highest bidder is the one that is willing to pay the most for each of the tax deeds. All fees, penalties, and administrative costs are included with the opening bid.
The tax deed buyer can take possession to the tax deed one year after the winning bid.
Washington
Sale Type: Tax Deeds
Interest Rate: N/A
Bid Method: Highest Bidder
Sale Date(s): Winter
State Statute(s): Title 84
Over-the-Counter: Yes
State Website: http://access.wa.gov
Washington County Website: http://www.mrsc.org/byndmrsc/counties.aspx
Washington County Officials Website: http://www.wacounties.org/waco/county/map.html
Interest Rate: N/A
Bid Method: Highest Bidder
Sale Date(s): Winter
State Statute(s): Title 84
Over-the-Counter: Yes
State Website: http://access.wa.gov
Washington County Website: http://www.mrsc.org/byndmrsc/counties.aspx
Washington County Officials Website: http://www.wacounties.org/waco/county/map.html
Washington State Overview:
After the counties have held onto tax lien certificates that have been delinquent for three years, they will hold a sale offering the tax deed at auction. The county will publish the list of tax deed properties in the local newspaper approximately three weeks prior to the sale. The property owner has until 5:00 pm the day before the auction to pay his or her back taxes, fees, and any penalties. This is what the starting bid will begin at also including any administrative costs. Some counties in Washington do have tax deed properties that are available after the tax sale. They are called "tax-title" properties and will be found under the real property division. Most of the tax-title properties are land. Washington does provide some funding in some of the counties. It will start at a 9.25% interest rate and can carry a contract for up to ten years for a $50,000 tax deed. Here are a few of the counties that have funding: Coos, Clackamus, and Deschutes. Quit claim deed forms can be found on www.vuwriter.co.
Washington is an oral bid state that uses the "Premium Bid" method. The tax deed will be bid up in price until a high bidder has been established. The starting bid will include all taxes, fees, administrative costs, and any penalties. Each bidder is required to register before the tax deed auction begins. It is possible for one to stand in another's stead for bidding.Y ou must contact the county and get a notarized statement giving permission for that person to represent you.
After the counties have held onto tax lien certificates that have been delinquent for three years, they will hold a sale offering the tax deed at auction. The county will publish the list of tax deed properties in the local newspaper approximately three weeks prior to the sale. The property owner has until 5:00 pm the day before the auction to pay his or her back taxes, fees, and any penalties. This is what the starting bid will begin at also including any administrative costs. Some counties in Washington do have tax deed properties that are available after the tax sale. They are called "tax-title" properties and will be found under the real property division. Most of the tax-title properties are land. Washington does provide some funding in some of the counties. It will start at a 9.25% interest rate and can carry a contract for up to ten years for a $50,000 tax deed. Here are a few of the counties that have funding: Coos, Clackamus, and Deschutes. Quit claim deed forms can be found on www.vuwriter.co.
Washington is an oral bid state that uses the "Premium Bid" method. The tax deed will be bid up in price until a high bidder has been established. The starting bid will include all taxes, fees, administrative costs, and any penalties. Each bidder is required to register before the tax deed auction begins. It is possible for one to stand in another's stead for bidding.Y ou must contact the county and get a notarized statement giving permission for that person to represent you.
Wisconsin
Sale Type: Tax Deed
Interest Rate: N/A
Bid Method: Highest Bidder
Redemption Period: N/A
Sale Date(s): Year Round
State Statute(s): Ch 74 & 75
Over-the-Counter: Yes
State Website: http://wisconsin.gov
Wisconsin County Website: http://coastal.lic.wisc.edu/wisconsin-ims/wisconsin-ims.htm
Interest Rate: N/A
Bid Method: Highest Bidder
Redemption Period: N/A
Sale Date(s): Year Round
State Statute(s): Ch 74 & 75
Over-the-Counter: Yes
State Website: http://wisconsin.gov
Wisconsin County Website: http://coastal.lic.wisc.edu/wisconsin-ims/wisconsin-ims.htm
Wisconsin State Overview:
Every year, in the first part of September, the county treasurer will issue tax lien certificates to the county on all over delinquent taxes. The county then keeps these tax liens for two years. After August 31st of the second year, any properties that the county is still holding will be foreclosed on by the county holding the tax lien. The county then becomes the new property owner. The county then holds a tax deed sale where the tax deeds are sold and transfer ownership to the highest bidder. The county then issues the winning bidder the tax deed to the property. This sale is usually known as the tax delinquent real estate sale. About six weeks prior to the sale the counties will publish the list of delinquent tax deed properties in the local newspaper. The property owner has up until 5:00 pm the day before the auction to pay all delinquent taxes, penalties, and fees.
The highest bidder will be awarded the tax deed. Some counties in Wisconsin also accept sealed bids. These bids are opened prior to the sale and will be bid appropriately (you will have to talk to the county to see if they are one that does if this is your preferred method of bidding). Prior to bidding, an investor is required to register. Some counties require a certain amount of time for pre-registration, so check with the county for details and time frames. You will then be issued a bidder's number, which you will use during the tax deed auction. The county's starting bid includes back taxes, penalties, interest, and any administrative costs incurred. This is called a "premium bid". A sealed bid will be considered and must be submitted to the county the day prior to the sale. The investor must pick up the bidder's form from the county along with their amount of the sealed bid and include it in an envelope. When submitted it then becomes a "sealed bid".
Every year, in the first part of September, the county treasurer will issue tax lien certificates to the county on all over delinquent taxes. The county then keeps these tax liens for two years. After August 31st of the second year, any properties that the county is still holding will be foreclosed on by the county holding the tax lien. The county then becomes the new property owner. The county then holds a tax deed sale where the tax deeds are sold and transfer ownership to the highest bidder. The county then issues the winning bidder the tax deed to the property. This sale is usually known as the tax delinquent real estate sale. About six weeks prior to the sale the counties will publish the list of delinquent tax deed properties in the local newspaper. The property owner has up until 5:00 pm the day before the auction to pay all delinquent taxes, penalties, and fees.
The highest bidder will be awarded the tax deed. Some counties in Wisconsin also accept sealed bids. These bids are opened prior to the sale and will be bid appropriately (you will have to talk to the county to see if they are one that does if this is your preferred method of bidding). Prior to bidding, an investor is required to register. Some counties require a certain amount of time for pre-registration, so check with the county for details and time frames. You will then be issued a bidder's number, which you will use during the tax deed auction. The county's starting bid includes back taxes, penalties, interest, and any administrative costs incurred. This is called a "premium bid". A sealed bid will be considered and must be submitted to the county the day prior to the sale. The investor must pick up the bidder's form from the county along with their amount of the sealed bid and include it in an envelope. When submitted it then becomes a "sealed bid".