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Updated over 6 years ago on . Most recent reply

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Olubunmi Adeboye Jr.
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Negotiating OTC Tax Deeds

Posted

Hi. I wanted to find out if anyone had successfully negotiated and purchased OTC Tax Deeds, preferably in Florida. Although the county has a purchase amount + accrued taxes, was there room to make a lower offer that the county accepted or were they strict with the taxes owed purchase amount? 

For example: $9,500 OTC tax deed that didn't sell in 2016 went up to $10,100 with accrued taxes from 2017 & 2018 but county accepted purchase amount of $9,800.

Thanks

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Bruce Lynn#2 Real Estate Agent Contributor
  • Real Estate Broker
  • Coppell, TX
4,675
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Bruce Lynn#2 Real Estate Agent Contributor
  • Real Estate Broker
  • Coppell, TX
Replied

For Florida I would hunt down Sandra Edmond.   I think she is your local expert there and located around Palm Beach area.

Also you might just call the county and ask....do you take offers.   In Texas every county is different.  Some do, some dont.  It also might depend on who you talk to.  You talk to the attorney they might tell you "NO", talk to the tax office they might say yes.  They all might tell you NO until you submit an offer....then they might be required to work it.   Some tax/appraisal offices may not know what to do...so sometimes it is just a matter of getting in front of the right person to ask.

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