[tyneebird]

How do I find out about getting property by paying back taxes?

[Fr_Chuck]

It is more invovled than just paying back taxes. Every county in the US will have a tax sale every year if they have default properties.

The sale will be annoused locally, so you will need to be in contact with those offices to know when the sale will be. They are normally held what is called at the court house steps ( but are sometimes held in a county meeting room) They will be sold at auction. So on a property the bidding starts at the tax amount due. Bids often go for a lot more, but not always.

Also homes with mortages on them, normally have the taxes paid by the lender, so you will not normally ever see newer homes that have mortages. Though a lender.

Also you will be expected to have the cash available at the time of sale, some will take checks, others will not, so always be sure how they will want to be paid.

After that it varies greatly by state, in some states you get a actual tax deed the day of the sale and you own it. In other states you get a tax certificate you can turn in latter for a deed, but have to wait from one to three years ( depending on state) to allow the previous owner a chance to redeem the property. ** you do get interest on the money.