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Updated over 12 years ago on . Most recent reply

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Travis Newsome
  • Jacksonville, FL
0
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Buying tax deed properties before tax deed sale.

Travis Newsome
  • Jacksonville, FL
Posted

I'm interested in getting overages/overbid funds. I live in Florida, but statutes make me have to have a degree of seasoning before being considered the owner by the time of the sale. In other words, I can't buy a property a month before the deed sale, via quit claim deed and be entitled to excess proceeds after the sale, unless I was the owner of title on the LAST assessment roll.

Which states allows me to be entitled to excess proceeds as the owner of record at the time of the deed sale? I know California is one, but you have to wait over a year for payment. Can anyone give me some answers? I'd appreciate it.

By the way, I'm ultimately going to take advantage of tax liens here in Florida; however, I see excess proceeds as being a better opportunity as a cash boost for the meantime.

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