How Long Till Tax Lein Is Available?
Once a tax lien is levied on a property in fl, how long does the owner have before it goes to certificate sale?
Starbelly this one maybe you can help us with! 
Once a tax lien is levied on a property in fl, how long does the owner have before it goes to certificate sale?
Starbelly this one maybe you can help us with!
In Florida the certificates are sold May-June of the year the taxes is for - so certs for 2005 will be sold May-June of 2005.
The cert has to be at least 2 years older before the holder can ask for a tax deed sale. And the owner has until the sale start to redeem.
[ Edited by linlin on Date 09/29/2004 ]
okay now that I know the tax lien is sold the same year, and the owner has 2 years to redeem, he has to pay the amount of the original lien or what it has been bid up to?
He has to pay all outstanding taxes, interest, fees incurred by the county such as advertising, etc.
By the way, any certificates that do not sell at the annual sale is struck-off to the county and you can then buy those certs from the county.
In order to ask for your money you have to have a sale called - so you have to buy up all outstanding certs and pay the interest on them, pay all fees, etc. When the property sells you get that money back. If the property does not sell you get the property.
You can make some good interest as all the ones struck off to the county are 18% interest. In some counties excellent properties are struck off to county certs so you can be sure they will be redeemed or sold so good way to make some interests.
Okay, so assuming you have a tax lein against your own property, You would have 2 years to come up with the outstanding amount and that would be paid to the purchaser of the cert? :-?
I suppose you could let it go for two years and not pay it till the last minute but Florida's interest rate
Is 18 % per year, so why let it go?
[addsig]
Why would you want a tax cert for your own property? You have to pay the same amount as your taxes to buy the cert so why not just pay the taxes?
Most states and counties will not allow a delinquent property owner to purchase a tax lien.
Quote:
On 2004-10-01 18:39, linlin wrote:
Why would you want a tax cert for your own property? You have to pay the same amount as your taxes to buy the cert so why not just pay the taxes?
[addsig]
I am stuck with a tax lien against a property that I own for a problem witht he homestead exemption was erroneusly
duplicated on my principal residence and one of my investment properties,
now after 10 years is when it all comes to light, i have no way of coming up with the money in the 60 days they are giving me so what I want to know is if they sell it to a lien investor do i pay him within 6 months or what are my options. ps i certainly am learning more in this website than i have in 10 years of hands on real estate! thanks john! :-x