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Buying & Selling Real Estate

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Daniel Cardona
  • Real Estate Agent
  • Suwanee, GA
2
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27
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Tax Sale in GA

Daniel Cardona
  • Real Estate Agent
  • Suwanee, GA
Posted Feb 3 2016, 17:50

Any experienced BP users do tax sales in GA or a state that has similar process that could answer some questions for me?

Am interested in buying tax liens at auctions but would like to clear up some things.

Do other liens stay with the property?
How long is redemption period (I think it's one year?)
How do I properly bid at the auction and how high should I go?
If homeowner decides to pay the lien after I bought it, can I charge interest and if so how much?
What is the ratio of tax liens being paid off by the homeowner vs. being able to redeem the property?

I'm sure I have other questions, but if anyone can help with those, that would be great.

Thanks,
Daniel

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