A Guide to Nevada Tax Sales

Nevada is a tax deed state. Properties with three years of delinquent taxes are deeded to the county treasurer as trustee for the state and county. The property is then subject to be auctioned for non-payment of taxes. Bidding starts at the amount owed the county (delinquent taxes, penalties, interest, and cost of the sale). This amount can be quite high compared to tax sales in other states, since there are three years of delinquent taxes, penalties and interest. Other liens, such as mortgages, are wiped out at the tax sale. Other municipal or county liens, like special assessments, will have to be paid. Federal liens will also remain on the property.

Only registered bidders are allowed to bid; in some counties, where space is limited, no one else is allowed at the sale. Some counties may require a large refundable deposit for participation in the sale. Parcels are awarded to the highest bidder. An absolute deed is recorded by the treasurer’s office within thirty days of the auction date. Though there is no redemption period, the previous owner has two years to protest the sale. During this period you cannot receive clear title to the property.

For more information about Nevada tax sales, please feel free to contact us at support@taxsaleresources.com or in the comments below!

 

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Check out the New Tax Sale Times Newsletter!

Dear Members,

Tax Sale Resources is excited to announce updates to our monthly Tax Sale Times newsletter. We have changed our design to make the content more reader friendly and organized for those that are in a rush or on the go. We hope you enjoy this new design!

In order to stay as up-to-date as possible, we will now post and email the Tax Sale Times newsletter the last week of each month. Each issue will cover the current happenings of that particular month.

Please feel free to send your feedback on these changes as we are always looking to innovate our products and services to best serve you.

Please check out the January issue at http://www.taxsaleresources.com/basic_tools.aspx.

Good luck with all your investment ventures!

Cheers,

The TSR Team

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A Guide to Michigan Tax Sales

Michigan is a deed state. It was a lien state until 1999 when the state enacted new laws expediting the collection of taxes on delinquent properties. Now when real property is one-year delinquent in tax payments, the property is “forfeited” to the county treasurer, unless the county “opts out,” in which case the property will revert to the state. The owner has one year to redeem the property after which the county (or state) will foreclose on the property and sell it at an auction.

Tax foreclosure sales, or “land sales” as they are called in some counties, are conducted by the state treasury department as well as by individual counties. According to state statutes, the tax foreclosure extinguishes most liens, including unpaid tax and special assessment liens, but excludes IRS liens and liens filed by government agencies in relation to the environmental protection act. There is no redemption period after the sale.

In most counties you must register and receive a bid card before the sale. In order to register you must be at least eighteen and have a driver’s license or state ID and a social security number. Some counties also require a sizable deposit that is refunded to unsuccessful bidders upon surrender of their bidder cards. Most of the counties now conduct online auctions. These online sales occur side by side with the actual “in person” county and state auction. You can be at the sale, have a representative at the sale, or you can participate online to bid.

Forms of payment accepted at all sales are the usual: cash, certified funds, or money order. For counties that have online sales, payment is made by credit card. Properties are sold to the highest bidder and payment must be made the day of the sale. The minimum bid consists of delinquent taxes, interest, penalties, fees due on the property, and the cost of the sale. A quitclaim deed is issued to the purchaser. In some counties the deed is registered before it is delivered to the purchaser. In other counties the purchaser is responsible for registering the deed with the county clerk.

For more information, please visit us online at www.taxsaleresources.com

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Online Arizona Tax Sales

February is just around the corner meaning Arizona tax sales are beginning in full swing. Arizona has both online and live sales beginning January 21st and ending February 27th.  This blog will provide the links necessary to reach the online AZ sales and include sale information provided by the county. You can easily view more specific tax sale information including location (live sales), time, date, and specific sale notes for each sale by going to the Arizona state calendar and clicking on a county of your interest at http://www.taxsaleresources.com/StateCalendar.aspx?state_id=4.

Counties holding online tax sales include: Coconino, Maricopa, Yavapai, Apache, Pinal, and Mohave. The links designated to each county below will take you to the specific county’s bidding site.

Coconino County https://www.coconinotaxsale.com/?redirected=1

  • “You will create your own User Name and Password as part of the process at online auction site. If you have not previously registered online with Coconino County, please do so. The registration wizard will guide you through the process in just a few minutes.”
  • The next items are the most important information regarding the use of the auction site, so be sure you understand them completely.
  1. Decide how much money you want to invest in tax liens for this auction. Pick a dollar amount. ($10,000 for example)
  2. Make a deposit of exactly 10% of that amount. The deposit is required and must be submitted before the deadline in order for your bids to be valid.
  3. Bid as many quality liens as you can. Your deposit will limit how much you can win no matter how many bids you place, so bid as many quality items as possible. There is no penalty for running out of money. If you are fortunate enough to win all the liens you want, your remaining bids are simply ignored.
  4. Certificates won by Sub accounts in Coconino County are assigned to the Primary account at the end of the auction. (For an explanation of Sub accounts, please go to the FAQ on the home page).
  • You may place as many bids as you like before making a deposit, but none of your bids will count unless the deposit requirement is met before the deadline (See Summary of Important Dates).
  • As a batch closes, you may see the results for that batch by clicking “Auction Results” on the menu inside the auction website. Clicking the “View” link on the auction results page will display the top ten bids on that item along with other useful information. After seeing results, you may want to go back and change some of your bids in upcoming batches.

Maricopa County https://treasurer.maricopa.gov/TaxLienWeb/

  • The Treasurer’s tax lien auction web site will be found at treasurer.maricopa.gov then bidmaricopa.com for both research and registration.
  • If you do not have access to a computer, the Treasurer’s Office will provide public access computers by appointment at designated locations.
  • A deposit of 10% of your expected bids must be made prior to the close of any batch in which you intend to submit bids. A minimum deposit of $500.00 is required for each bidder.
  • All payments must be made via the Payments Page on the web site. Payments will not be accepted via any other means. There will be no exceptions to these requirements.

Yavapai County https://www.yavapaitaxsale.com/?redirected=1

Apache County https://www.bidapachecounty.com/

Pinal County http://pinalcountyaz.gov/Legacy/Treasurer/TaxSale/Login.aspx

  • All purchasers are required to deposit $500 with the Pinal County Treasurer at least 48 hours prior to the sale. Purchasers are expected to pay for the parcels successfully bid upon at the conclusion of the sale.
  • The bidding will begin at sixteen percent (16%) and shall be awarded to the bidder who offers to accept the lowest rate of interest. The total purchase amount is expected to be paid at the end of the sale.
  • At the end of the sale, it is your responsibility to “Checkout” and pay for the tax liens awarded to you. When payment is received you will be issued a receipt for the purchase of a registered tax lien certificate for each parcel.

Mohave County https://www.bidmohave.com/

You can also read the following TSR blogs for a refresher on the state of AZ by clicking on the links below or by contacting us at support@taxsaleresources.com.

https://thetaxsaleresource.wordpress.com/2013/01/10/a-guide-to-arizona-tax-sales/

https://thetaxsaleresource.wordpress.com/2013/01/17/a-guide-to-arizona-tax-sales-continued/

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A Guide to Minnesota Tax Sales

Minnesota is a deed state. Like Michigan, they abolished the sale of tax lien certificates in favor of seizing the delinquent tax property. Delinquent properties are forfeited to the state of Minnesota. A list of forfeited properties is forwarded to each municipality for review. The municipality decides if the property will go to public auction, adjacent owner sale (for non build-able properties), to the city for public use, or be held for further review. Although the former owner has no more right to the property, some counties do allow the former owner to apply to repurchase the property.

All tax-forfeited land offered at a public auction is sold to the highest bidder. The minimum bid is the appraised value of the property. You must have earnest money in the form of cashier’s check or certified funds in order to bid. Some counties will finance purchases over a certain amount, although a deed will not be issued until the property is paid in full. Properties not sold in the sale are offered over the counter. The price, however, remains at the assessed value of the property. In addition to the bid amount, the purchaser must pay a 3% fee that goes to the state treasury.

Minnesota tax sales are not always a great deal for the investor. Bidding starts at assessed value of the property plus you have to pay an extra 3%. You can finance it through the county, at a rate no less than 10%. The deed that you receive from the county is not a warranty deed. You may have to take legal action to get clean title to the property.

 

 

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2013 TSR Blog in Review

The WordPress.com stats analysts prepared a 2013 annual report for our blog and we would like to share it with you below. To view the complete report please click the link below the image. We are excited to see our readership continuing to expand each year and would love to hear about blog topics that interest YOU! Please write your recommendations or comments below to help get our blog off to the right start in 2014. Happy New Year investors!

Here’s an excerpt:

A San Francisco cable car holds 60 people. This blog was viewed about 2,100 times in 2013. If it were a cable car, it would take about 35 trips to carry that many people.

Click here to see the complete report.

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Enhanced Monthly & Yearly memberships

TSR has enhanced its monthly and yearly memberships by adding value! The monthly and yearly memberships now include the following products, services, and resources:

– Premier Customer Service

– Entity Contact Information

– Nationwide Tax Sale Calendar

– Due Diligence Short Cuts

– Tax Sale Resource Directory

– State Statues & Sale Process

– Monthly Industry Newsletter

– Complimentary Premium List for New Members

Sign up now or upgrade your account by clicking http://www.taxsaleresources.com/member/subscribe_now.aspx

Additional Customer Sales Representatives: In addition to our enhanced memberships and premier customer service, our Marketing Department has brought on five additional Customer Sales Representatives (CSR’s) to our team. (Please refer to last weeks blog to meet these Customer Sales Representatives and further enhance your membership by clicking https://thetaxsaleresource.wordpress.com/2013/12/12/additional-customer-service-representatives/

We encourage you to contact us if you have any special requests beyond what TSR is currently providing. Please feel free comment below, call us at (877) 982-9725,  or e-mail us at support@taxsaleresources.com with any questions or ideas for improvement. We look forward to hearing from you!

Please Note the following: 

TSR will be closed next Tuesday and Wednesday for Christmas Eve and Christmas so our employees may enjoy the holiday with their families. Stay tuned for a new blog next Thursday! Happy Holidays!

 

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Additional Customer Service Representatives

In 2013, our Marketing Department worked hard to bring five additional Customer Sales Representatives (CSR’s) on our team.

TSR’s Customer Sales Representatives work directly with customers to make sure that all of their tax sale data needs have been met. CSR’s are available to answer questions, receive and deliver list orders, etc.

We would like to welcome the following CSR’s (pictures below are shown left to right): Data Acquisitions Director: Autumn La Duke, Marketing & Finance Director: Carissa Jenkins, Marketing Specialist: Kerstin Grund, COO: Rachel Seidensticker, and Customer Sales Representative: Suzanne Berg.

Please take your time to learn more about our Customer Sales Representatives, by checking out their LinkedIn profiles by clicking on their pictures below or contact marketing@taxsaleresources.com.  Our CSR’s would love to talk to you and are trained to respond within 24 hours!

 

Autumn Headshot Carissa HeadshotKerstin HeadshotRach copy  Suz Headshot

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A Guide to South Dakota Tax Sales

South Dakota is a tax lien state. The county treasurer is required by law to conduct a tax certificate sale the third Monday in December each year. A tax certificate will be issued and sold on any property having delinquent taxes. The interest rate is 12% per annum with a three year redemption period. Premium is bid. After the three year redemption period, legal notification must be given and an affidavit filed with the county in order to receive a deed.

Most of the counties in South Dakota have small populations compared to counties of other states. 

You can check all available South Dakota tax sale lists by clicking the following link http://www.taxsaleresources.com/taxsalelists.aspx?state_id=46

 

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How to Use TSR’s Advanced Tax Sale Search

Looking for a specific type of auction, date, venue, bid procedure, OTC, and state? TSR has got you covered. By using our Advanced Search under the “Nationwide Custom Search tab” you can narrow your results and find the sale/list you were looking for in no time.

To access the Nationwide Customer Search you can do the follow:

1.Login

2. Click on “Tax Sale Data” on the top left hand corner and then click “tax sale search” in the drop down menu.

3. Once you have clicked “tax sale search” you will automatically be taken to the “Nationwide Custom Search tab” (see below)

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4. Next, you can use the drop down arrows by each category to narrow down your search. The following will show you each categories options.

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5. Once you have chosen your search specifics click the “Search Upcoming Auctions” button.

6. Your results will appear below.

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We hope this advanced search helps you save time in your busy investing schedule! If you have any suggestions please let us know in the comments below. We are always looking to innovate and make our service more efficient for you.

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