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Updated 3 days ago on . Most recent reply

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Krista Goodrich
  • Property Manager
  • Daytona Beach, FL
86
Votes |
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Looking to learn about tax liens and deeds in Florida-Volusia in particular.

Krista Goodrich
  • Property Manager
  • Daytona Beach, FL
Posted

Looking for someone who can help me learn more about how tax dees and tax lien sales work.  I'm set up on the Volusia TaxDeed Real Auction site, but am struggling to understand the following:

1.  In researching past sales, why do some deeds with a face value of say $600 get bid to $1500 when moments later another deed with a face value of $3300 also bids to $1500.  I need a better understanding of the numbers. 

2.  Do you own the property if you win or are you holding a lien that pays interest.  If someone misses one tax payment, can they pay the bill with interest which would then pay the holder back and deed cleared back to owner?

3.  If you do end up owning the property, how long until you can "quit claim" it to yourself or what is the process to get the deed recorded in your name?

4.  What do I need to know that I don't know? 

Any help would be appreciated.  I'm interested in exploring this space but don't feel like I have the grasp I need to make good investments yet. 

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Bruce Lynn#2 Real Estate Agent Contributor
  • Real Estate Broker
  • Coppell, TX
4,540
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5,198
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Bruce Lynn#2 Real Estate Agent Contributor
  • Real Estate Broker
  • Coppell, TX
Replied

If you are in Orlando you want to meet and connect with Sandra Edmond.  She has some YouTube videos if you want to check her out first.  She is a Florida expert.  She may teach classes now and then.  From what I remember they were pretty reasonable and I felt like she is one of the few people who really understand Florida tax sales and has the heart of a teacher.

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