Tax Deeds | Buying
: You are buying a certificate of debt . You earn interest (often 8%–24%), and you only get the property if the owner fails to pay you back and you complete a separate foreclosure process. 3. Essential Due Diligence
: Usually covers back taxes, interest, penalties, and administrative costs. buying tax deeds
: You are buying the property . You become the owner immediately, though some states have post-sale redemption periods. : You are buying a certificate of debt
When property taxes remain unpaid for a "redemption period" (typically 1–3 years), the local government forecloses and auctions the property to recoup the debt. buying tax deeds
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