Tax Deed Sale in FL
I found a property that looked interesting, that a had a sale date scheduled and I drove by the property to see if it was occupied, it definately was. I also checked the public records and found that there were 3 mortgage companies that had lis pendins recorded against the property. Being new to investing in Tax Deeds I passed on going to the sale. Was I to hasty in passing by the oportunity? It looked like a really nice property and the taxes haven't been paid since 1997. Could anyone tell what the rules are in Orange Co. Florida regarding and Tax Deed sale and leins on the property?
caveat emptor
Check out the Orange County Tax Collector website:
http://www.octaxcol.com/
It may have the answers you need. I'm guessing you live in Orlando area because I live in Winter Park. Hope you find what you're looking for.
Tanya
You should have attended the sale. With a handful of good properties and hundreds of people hunting down owners the chance of it ever making it to sale are slim. If it did make it the chances of it going at much below "as is" fair market value are as likely as it snowing in Florida in July these days. Take into account title issues, possession (I'm in court on one for two years just trying to get the deadbeats out) and underbudgeting the true repairs once you get in the front door and not usually a good deal even if it looks like one. Seems only the gurus, the counties and the prior owners collecting nice overbid checks have benefited from 'tax deed mania' these days.