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Tax
Sales
A
sale often sponsored by the
government for the purposes of
disposing of real property.
County governments, to
dispose of real estate that is in
tax delinquency, conduct the most
widely known tax sales.
These sales, often called
tax lien certificate sales or tax
deed sales are conducted annually
in most counties in the United
States. Canada also conducts tax sales.
However, in Canada, most
sales are only tax deed sales.
At
these sales, investors bid on
either tax lien certificates that
represent the debt due on the
property, or tax deeds that
represent actual ownership in the
property.
Tax lien certificates
usually pay the investor an
interest rate that can range from
8 to 50 percent.
Tax deeds do not usually
pay an interest rate, but after a
period of time, called the
redemption period, investors that
buy tax deeds receive the entire
property, often for only the
penalties and interest due.
Discover
the most comprehensive tax lien
certificate and tax deed sale
investing product on the market
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sells tax liens or tax deeds?
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