|
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
|
