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Tax Liens – ABC

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When the municipality holds a tax lien sale for the current year’s taxes, and not the previous year’s taxes.
A sworn statement in writing. Used when have a recording and many times when dealing with the tax collector's office with regard to payment of taxes.
Transfer of a tax lien certificate or tax deed from one individual or entity to another. A fee is charged for the transfer; and to be effective it must be registered with the county.


A form which some states require the bidder to complete with the bidder's social security number or entity's federal tax ID number, and provide it to the tax collector.
Some states require bidder to complete this form before the bidder is permitted to bid at the sale. The form may differ from state to state, but generally it will have the bidder number, name, address, and phone number and it may also require the Social Security Number (or tax ID Number if bidding in a company name).
This is bidding process whereby the bidders are shouting out what they are willing to accept as a return on holding the lien certificate. The bidding drops down in 1/4 percent increments until the bidder willing to accept the lowest interest rate return has the lowest bid. Be careful of these auctions as bidders get carried away and it becomes unreasonable to invest in that market.
This bidding process concerns sharing ownership with the defaulting owner. The winning bidder will become the holder of the property; and in the event that the lien is not redeemed the holder and the previous owner will have a tenancy in common. In order to sell the property both owners have to agree to the price, etc. Once sold the holder will receive his share and the previous owner will receive the balance of the ownership amount.
This is a method of bidding whereby the interested buyers will bid above the minimum amount due of back taxes, interest and penalties. The bidder with the highest bid will be awarded the lien. In the event the lien certificate is redeemed the holder will receive interest on the opening bid (which is generally the back taxes, penalties and interest accrued at the time of sale). Be careful - in some states the excess amount bid and paid by the holder remains in the county's general fund and not returned to the holder and no interest paid on that amount to the holder. See Premium Bid.
This is a bidding method generally used when selling deeds. The buyer will bid against other bidders above and beyond what is owed on the property and the bidders with the highest bid is awarded the deed for the property. Unlike Bidding up premium, this is bidding on the deed for the property as an outright purchase. Similar in nature with a different setting.


Title to property that is free from any encumbrances. This type of title is conveyed by a warranty deed, but most states do not usually convey by warranty deed when you purchase property at a tax deed sale. Most deeds conveyed at tax sales are without warranty and therefore without clear title. To receive clear title to a property without a warranty deed, you will need to file a legal action know as “quiet title action.” See Quiet Title
This name is unique to Indiana, in most other states this is known as Over-the-counter sale. In Texas it is called Struck-off properties. However, these unsold tax liens are offered to the public via a premium bid method beginning at a reduced price with a 4 months (120 days) redemption period.
To transfer title to property from one person to another.
When an inspector declares a structure unfit for use.
An agreement written into a deed regarding performance or nonperformance of certain acts with regard to use of the property.

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