I found 2 tax sale signs posted

[Summer Hall]

Hi everyone,

so I found 2 properties with tax sale signs on them in upcoming areas, I’m assuming this is like an auction because it says that it foregoing execution to be sold at the tax commissioners office on June 4th.

How do you go about these deals/get under contract? are you responsible for the unpaid taxes? How does this work? Thank you

-Summer

[Kelly DeWinter]

@Summer Hall
A tax lien certificate sale,  does not convey ownership of the property. Rather, the taxing authority sells its lien and the purchaser receives a tax lien certificate. This entitles the purchaser to basically take over the position of the taxing authority and collect full payment of the past-due taxes, plus interest, from the delinquent taxpayer.

If the delinquent taxes are not paid by a certain date, the purchaser of the lien generally has a right to foreclose the lien (or take certain steps to convert the certificate to a deed) and take title to the home.

. Usually it's an auction (in your case,at the tax commissioners office on June 4th)
. You are paying the back taxes when you win the auction.
. You are NOT contracting the property.
. If the owner pays you back (depending on your states rules), they keep the property, if they don't by a certain date, you foreclose and get the property, subject to state rules.