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  2. Tax sale - Wikipedia

    en.wikipedia.org/wiki/Tax_sale

    A tax sale is the forced sale of property (usually real estate) by a governmental entity for unpaid taxes by the property's owner.. The sale, depending on the jurisdiction, may be a tax deed sale (whereby the actual property is sold) or a tax lien sale (whereby a lien on the property is sold) Under the tax lien sale process, depending on the jurisdiction, after a specified period of time if ...

  3. Bid4Assets - Wikipedia

    en.wikipedia.org/wiki/Bid4Assets

    Bid4Assets has conducted tax sales via online auction for more than half of the counties in Washington. In October, 2010, Bid4Assets hosted one of the largest online real estate auctions in the history of the United States in which over 13,000 properties located in Wayne County, Michigan , were auctioned due to unpaid real estate taxes.

  4. Should I Buy a Property With Delinquent Taxes? - AOL

    www.aol.com/buy-property-delinquent-taxes...

    When a homeowner defaults on property taxes, the county may place a tax lien on the property. This could end in a tax sale with an investor paying the taxes to get the home. While tax sales can be ...

  5. Government auction - Wikipedia

    en.wikipedia.org/wiki/Government_auction

    Tax sale: seized assets; Court auction: items sold to satisfy a court judgment, like storage contents of not-paying tenants; Insolvent companies where the government is the liquidator (e.g. official receiver) Unowned property; Often goods sold at government auctions will be unreserved, meaning that they will be sold to the highest bidder at the ...

  6. ‘I pay my bills’: Chicago woman loses home despite paying ...

    www.aol.com/finance/pay-bills-chicago-woman...

    As a result, McElroy’s tax payments were misapplied to the wrong property. The 2019 letter confirmed McElroy had paid her taxes correctly and stated there were "no grounds to proceed with a sale."

  7. Auction - Wikipedia

    en.wikipedia.org/wiki/Auction

    Items are allocated based on bid order; the highest bidder selects their item(s) first followed by the second highest bidder, etc. In a modification, all of the winning participants pay only the last announced price for the items that they bid on. [1] The Dutch auction is named for its best known example, the Dutch tulip auctions.

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