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Tax
Lien Certificates - Tax Deed
Sales Missouri MO
Missouri
is a decent state for tax lien
certificate sales. Also,
because of the way Missouri
handles the sales, obtaining
deed to the property is also
possible. Here is a
summary of information for tax
sales:
Interest
Rate
Ten
percent on the taxes and
penalties owed and then you can
bid more based on what you would
pay for the whole property.
You do not receive any
interest on the overbid.
Subsequent taxes paid earn you
8%, rather than 10%.
Redemption
Period
1 year on first and second
offerings and 90 days on third
offerings.
Missouri
tax lien certificate auctions
County
tax lien sales are in August on
the fourth Monday
Missouri
tax deed or tax foreclosure
sales
Missouri
combines its tax deed and tax
lien certificates sales into one
sale per year. The City of St.
Louis conducts its own tax deed
sales. Jackson County conducts
two tax deed sales, one for the
eastern half and one for the
western half.
Bidding
Process
All
tax sales are by competitive
bid. However, unlike most
states, the bidding process is
for how much you would pay for
the entire property and the
bidding starts at taxes and
penalties owed. You only
earn interest on the amount of
taxes owed. If the owner never
redeems, you get the the whole
property for your bid
amount. This makes it
possible in some cases to get
entire properties for only the
taxes owed.
State
Specific Information
Missouri
is a decent tax sale state
because the state combines tax
lien and tax deed sales giving
bidders some interesting
bidding possibilities and
potential property ownership
Discover
the most comprehensive
tax-lien-certificate/tax-deed-sale
investing product on the
market
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