Updated over 7 years ago on .
Buying Tax Certificates on Raw Land
Lately I've been interested in buying and holding raw land. I've developed an interest in FL tax certificates and then accidentally ran across some 'Foreclosure Ready' tax certificates on Ebay. I have a good understanding of Real Estate, Planning and Zoning but this process is new to me. I've read a few old discussions but have a few more questions.
1. Has anyone ever bid on a tax certificate or purchased a property via Ebay?
2. Have you ever purchased a certificate on raw land?
3. I don't quite understand the last part of the process. IF I purchased a tax certificate ready for Foreclosure (i.e. past the redemption period?) and I choose to foreclose.... I run the risk of NOT becoming the owner if I am outbid at auction, correct? But if no one bids or I win the bid, I would become the owner after the sale closes?