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Automate Your Tax Lien Investing
Tax Deed Investing: What is an Upset Sale?
In Pennsylvania, some counties have two different tax sales; the “upset” sale, and the “judicial” sale. If tax sale properties are not sold at either of these two sales, the property then goes on the “repository” list and can be sold by private bid. The upset sale is held every year in the fall. It’s called an “upset” sale because the minimum bid for the properties in this sale is known as the “upset” price; which includes any unpaid taxes from the county as well as any municipal liens. If a property is not sold in this sale, it is sold in the “judicial” tax sale in the spring. Not all Pennsylvania counties have judicial sales but they all have an upset sale.
What is an Upset Sale? : Podcast Episode #33
This is a companion audio for this article. It explains what an upset sale is with the focus on Pennsylvania.
Tax Lien Lady’s Due Diligence Checklist for Tax Deeds
Purchasing tax deeds calls for some extra due diligence since you are actually purchasing the property and not just paying the taxes and putting a lien on the property as you are when you invest in a tax lien. Here is a checklist that you can follow when you are getting ready to purchase tax deeds. Please be advised that this is for educational purposes only and should not take the place of any legal advice.
You will probably want to start your due diligence for tax deed properties at least 2 weeks before the tax sale. For online tax sales that require you to have money deposited a few days ahead of time, you may want to even start working on these items sooner.
Podcast Episode #32 – Due Diligence For Tax Deeds
The audio is a companion to this article.
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