If you buy a tax lien certificate from the county (the new online sale by county), what happens to the subsequent year taxes if the owner does not redeem the tax lien before the following year taxes are due.
Can the owner directly contact the county and pay the next year taxes when they become due Or is it required to let it go to the next year tax lien auction where the original tax lien investor may not get a chance to buy.
Is it safe for the investor to just contact the county and pay the next year taxes when they become due and would the original tax lien amount and subsequent year taxes paid by the investor all have to be paid if the owner chooses to redeem?
You get first rights to pay the subsequent year if the owner doesn't. So let's say the tax sale is April 1, the county will contact you a few days prior and ask if you want to pay. If you do, they you can submit payment the day of the auction or a few days before. If you don't, then the property just goes back on the tax roll and another investor can pay. If owner redeems at any point, he/she will have to pay all taxes owed(even the previous years).