I can’t believe it’s August already, we’re past July and heading toward the end of summer, and the end of summer tax sales. These tax sales are happening all around the country…
Redeemable Deed Sales
Texas and Georgia have redeemable deed sales year-round. The counties with larger cities have tax sales every month. And in both states these sales are held on the first Tuesday of the month.
If you live in the Northeast, you may want to check out Connecticut. Connecticut, like all the New England states (except New York), has municipal, not county tax sales. Each municipality determines what type of tax sale they have, either redeemable deeds, or liens. Some of the municipalities are having redeemable deed sales in August or early September. Although Pennsylvania is a deed state the city of Philadelphia conducts redeemable deed sales and these sales happen quite often throughout the year.
Online Deed Auctions
You can find online deed auctions year-round in California and Florida, and late summer is the season for online deed sales in Michigan as well. There are also a couple of counties in Washington that have online deed sales in September. The state of New York also has a handful of counties that have online deed sales coming up in August and September. And There are a few Wisconsin online tax deed auctions in August.
Louisiana Adjudicated Property Sales
Louisiana also has some end of summer tax sales. These deed sales are quite different than deed sales in other states, and many of them are online. In Louisiana, the “counties” are referred to as parishes. The deed sales are known as “adjudicated property” sales. For a property to be in the sale, an investor first has to put up a deposit. The parish uses the deposit to make the notifications and do the title work necessary to auction the property in the tax sale.
If the investor who put up the deposit for that property wins the bid, the deposit money is used towards the bid amount. If the investor who put up the deposit is not the successful bidder, the deposit will be returned to them, but only if they bid on the property. If they put up the deposit and then fail to bid on the property, they will forfeit their deposit. When you purchase one of these adjudicated properties at a Louisiana tax sale, not only do you get the property free and clear, you also get a clear and marketable title.
More End of Summer Deed Sales
There are a few states that only have live tax sales in August and September. Pennsylvania Counties have their Upset tax sale this time of year. Unlike the Judicial tax sales that happen later in the year or next spring, properties in this sale are NOT sold free and clear of other liens or encumbrances in this tax sale. Other states with live deed auctions this time of year include North Carolina, Ohio, and Virginia.
Tax Lien Sales
States that have tax lien sales in August and September are Kentucky, Indiana, Mississippi, Missouri, Montana, New Jersey, Wyoming, and Vermont. Indiana, Mississippi, and New Jersey have some online auctions. Clay County Missouri also conducts their tax sale online. Some Montana counties allow you bid through the mail.
What are you waiting for?
If you’re sitting on the fence waiting to get involved with tax lien investing, there really is no time like the present. Whether you live on the East coast (Florida, Connecticut, New Jersey, Georgia) or the West cost (California, Washington), the North (Montana, Wyoming, Michigan), or the south (Texas, Louisiana, Kentucky, Mississippi), or somewhere in-between (Missouri, Indiana), there are end of summer tax sales not too far away!
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