South Carolina Tax Lien Auction

The South Carolina tax lien auctions are starting.  Each county holds their auction the first week of either October, November or December.

Buying tax lien certificates in SC requires more due diligence because it's an overbid state.  This means that you will bid an amount over and above the delinquent taxes.  Many times, this amount leaves you invested at 40-50% of assessed value (or more in a hot auction).

Be sure you are knowledgable about the actual market values of the underlying properties.  You can speak with real estate brokers and investors to see what the true value is.  Then, be sure to discount that value because you won't be able to inspect the insides of the property.

 If you want to learn more about this you can visit me on my recent blog post about South Carolina tax lien certificates.