Updated almost 6 years ago on . Most recent reply
Tax Sale
Hello! I have a question. My husband and I are thinking of attending a tax sale of properties at the end of Sept. WE have never been to one. Anyone have any advice? Does it come with a lot of risk? Is it a bidding war? We are just trying to decide if it is worth our time.
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#5 General Landlording & Rental Properties Contributor
- Mechanicsburg, PA
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#5 General Landlording & Rental Properties Contributor
- Mechanicsburg, PA
Its a difficult process and 65 of the 67 counties operate under the same law, however there are many differences between counties.
The upset tax sales transfer with ALL mortgages, liens, judgments, IRS liens, state liens, etc INTACT. All sales require full payment at the sale, some don't take checks, some don't take cash, some required certified funds.
It is the most hazardous way to buy real estate, BE CAREFUL.