How can you have tax sale success in 2022? What’s changed this year in the online tax lien sales in the online tax lien auctions in spring and summer?  To begin with, one of the major online tax lien platforms – RealAuction.com, has changed their website and it looks totally different. RealAuction.com handles many of the Florida and Maryland online tax sales as well as all of the New Jersey online tax lien sales.

Allowing or Not Allowing Foreign Bidders

You’ll also find this year that that most of the online tax lien sales do not accept foreign bidders. For the counties that do not accept registrants who are not U.S. citizens, foreigners will only be able to invest in these tax sales through a US identity with a US bank account. All of the New Jersey tax online tax sales do not accept foreign bidders. Most of the Florida and Maryland tax sales do not accept foreign bidders, but there may be a couple of counties that do. You will have to check the bidding rules for each county to find the counties that do accept foreign bidders. Palm Beach county does accept foreign bidders, but their registration ended on May 20. So if you’re a foreigner, check them out next year. You can also check to see if they have a follow up sale.

Single Simultaneous Bidding Rule

While many of the Florida and Maryland counties had the single simultaneous bidding rule in effect last year, most do not this year. No single simultaneous bidding rule means that you can bid as different entities. It also means that both you and your spouse can register to bid separately, even if you file a joint tax return. It also means that hedge funds can register in multiple names and the competition can be even more intense.

New Requirement for Some Florida Counties

There is a new requirement for bidders in some Florida counties. That bidders registering an entity with an EIN number must provide either proof that the entity is registered in the state of Florida, or an affidavit of their registration to do business in Florida, with the name and address of their Florida agent. Not all Florida counties require this yet, but some do. This means that if you are bidding in the name of an entity, your entity will have to be registered in Florida. It may just be easier (as it is in other states that require this) to bid in your own name.

Tax Sale Success Workshop – June 2022

Most of the Florida tax sales will be over by June 1. But they will have their cleanup sales in June. Everything that doesn’t sell in the initial tax sale will be listed in the cleanup sale. These liens will be sold on a first come first serve bases at the maximum interest rate – 18%. There will also still be some online tax lien auctions in Maryland in June. And June is one of the busiest months for New Jersey tax sales, both online and live.

You can get help for registering and bidding in these tax sales in our 2 day Tax Sale Success Workshop. The workshop will take place Thursday and Friday, June 2 & 3 from 12pm – 2pm Eastern time each day. And if you enroll by May 31, you can get into the workshop at 80% off! Get the details at www.TaxSaleSuccess.com and Enroll Now!