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Rick Baggenstoss
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  • Decatur, GA
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Tax Deed in Atlanta question

Rick Baggenstoss
Pro Member
  • Developer
  • Decatur, GA
Posted Aug 3 2014, 19:23

I'm looking into purchasing a Tax Deed(s) in metro Atlanta, Georgia.  Tuesday I'll go to bid on a couple of them.  

My questions are:

- When a property is in pre-foreclosure, would you expect the bank to redeem?  Early or last minute?

- Since you're acquiring the Tax Deed, does the premium apply to the amount paid or the amount of taxes, penalties, etc.?

- I'd like to own some of these houses.  It seems safe to say the properties with lengthy periods of tax non-payment are most likely to be houses the high bidder could foreclose upon.  Is this a fair assumption?  

Thanks for your thoughts.

Rick

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