If you win, you must usually pay the full balance very quickly—often within 48 to 72 hours. 3. The "Redemption Period" Catch
Most auctions require you to register in advance and may ask for a deposit (e.g., 10%–15% of the property value).
Contact your county treasurer or tax collector's office for the "delinquent tax list".
You are either buying the property itself or the right to collect debt:
The government seizes the property and sells it outright to the highest bidder. You are bidding for full ownership.
Buying a tax sale property is a "high-risk, high-reward" investment where a government body auctions off real estate because the owner has failed to pay property taxes. 1. Know the Two Main Types
The rules vary by county, but the standard flow usually looks like this:
If they don't pay by the deadline, you finally get the deed. 💡 Key Risks to Watch