Buying Tax Deeds -

Because tax deeds are sold "as-is," you assume all risks associated with the property's physical and legal state.

When property taxes remain unpaid for a "redemption period" (typically 1–3 years), the local government forecloses and auctions the property to recoup the debt. buying tax deeds

It is critical to distinguish between these two "tax" investments: Because tax deeds are sold "as-is," you assume

: Winning bidders must often pay the full amount in cash or cashier's check within 24 to 72 hours . 2. Tax Deeds vs. Tax Liens Because tax deeds are sold "as-is

: You are buying the property . You become the owner immediately, though some states have post-sale redemption periods.