Tax Leins In North Carolina

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My husband and I just moved to Western North Carolina, from Florida, and would like to invest in tax leins. They seem to be handled differently from Florida.

Where we are they auction the house off for the back taxes.

Does anyone know if they do this throughout the state?

Thank you for any help you can give.

Libby smile

Comments(3)

  • RonaldStarr25th February, 2004

    Libby--(NC)----------------

    Sounds like NC is a "deed" state. So, yes, it would be the same over the whole state.

    I recommend that you read the annotated version of the state statutes related to the collection of delinquent property taxes at a law library. These will have, beside the "black letter law" of the statutes as written, court decisions interpreting the meaning of the statutes.

    Good Investing*********Ron Starr************

  • MichaelMedwed25th February, 2004

    Ron,
    Is there another approach for obtaining the various state statutes for tax sales besides using a law library? I ask this because I personally do not have easy access to a law library.

    Are their physical copies of these laws available through the tax collectors' offices (or something like that)?

    Also, how would I find out if GA is a state where current property owners have the right to claim excess proceeds from a tax sale? I have read many posts on this particular issues.

    Thanks. I appreciate your insight.

  • RonaldStarr25th February, 2004

    MichaelMedwed--(GA)-------------

    Sure, you can go online and read the statutes there. These are just the black-letter law, without discussion of the court interpretations of the issues that come up. However, often times, there are few or no lawsuits on tax sales issues that get to the appelate level and thus are cited.

    To find out about excess proceeds, the record is played one more time: read the state statutes. Or, telephone some treasurers/tax collectors and ask them. You might find some that are very helpful and friendly. Just don't ever call 10 minutes before their quitting times. OR when they go to lunch.

    Good Investing********Ron Starr**********

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