Taking the right measures at the time of the sale can prevent headaches. Improper tax deed vesting (the legal assignment of title and ownership of a property) is a common mistake. Scenarios can include everything from invalid LLC’s to misspelled names. Take a few minutes to save yourself thousands of dollars in legal fees and […]
After 6 years working in the Florida tax deed industry, we can say with confidence it is a sub-sector of the real estate world with a unique set of both challenges and opportunities. One of our investors recently described it is both “complicated and legally convoluted” but acknowledged it can prove to be “tremendously profitable”. Due […]
Buying at tax deed auction can be a cheap and effective way of acquiring rental properties. Rental income provides steady returns, while still allowing you to hold the asset for future sale. With the passage of the recent tax bill, taxes on pass-through income have dropped significantly – in some cases to almost half. Whether […]
There are a wealth of questions we encounter from our clients, but one situation we encounter frequently is an investor calling with concerns about a tax deed property that has various code enforcement violation liens, and how that is going to affect the process of getting title insurance. There is a lot of confusion regarding […]
Some of the more common questions we receive from tax deed investors involve the list of lands and escheatment tax deeds. In this post we breakdown what the investor needs to know about purchasing tax deeds from the list of lands. What is the List of Lands? If there are no bidders at the public […]
Local Governments depend on property taxes for funding of the critical services we all rely on like public schools, road maintenance, public safety and healthcare, to just name a few.
So what happens to a community and its services when property taxes go unpaid? Well you wont be surprised to learn that delinquent property taxes impede the provision of important government services and the local government’s fiscal health declines.
Florida tax deed investors are fortunate in that the statutes surrounding tax deeds tend to provide an abundance of protection for the tax deed purchaser. One example of this is Statute 95.192, which states that after the new tax deed owner has been in possession of the property for four years prior owners cannot come forward to challenge the tax deed sale.
It is common for a tax deed investor to dismiss the need for title insurance on tax deed properties they do not plan on selling. But holding a tax deed property without title insurance is putting the investment at major risk of losses, or unplanned costs. The case for getting title insurance…
You just acquired a piece of land from a tax deed auction and there is a mobile home on it; what does this mean to you as purchaser? Do you now own the mobile home as well? Can you move it off of the property? We have had the opportunity to assist our clients with quite a few mobile home issues lately, and we decided to write this post to help answer a few of these questions for your benefit too.
Cleartosell recently exhibited at an event where we spoke with a tax deed investor who mentioned that he prefers buying vacant land at auction rather than land with structures on them because of the lower maintenance and easier upkeep involved. Since we normally deal with investor clients who buy single-family homes or condos to flip or rent out, we investigated the issues associated with tax deed vacant land and share our findings below.