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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 ...
In 2011, the Wayne County Treasurer's Office netted a record $32 Million from the Bid4Assets online auction of 14,000 tax-foreclosed properties, double the amount collected the previous year. [12] In September 2011, the Golden Eye Diamond, a flawless 43.51-carat Fancy Intense Yellow diamond sold for $2,843,623 to Jerre Hentosh. The auction was ...
The highest bidder at the auction becomes the owner of the real property, free and clear of interest of the former owner, but possibly encumbered by liens superior to the foreclosed mortgage (e.g., a senior mortgage, unpaid property taxes, weed/demolition liens).
A New Jersey homeowner who faced foreclosure over $606 in unpaid sewer bills under a prior version of the state’s Tax Sale Law can pay his debt and keep his property to prevent foreclosure, the ...
At an October foreclosure auction in the lobby of Mecklenburg County Courthouse, bidding for two homes took less than five minutes.
The first-ever sheriff's online auction of foreclosed properties launches Tuesday, with two homes offered in Oklahoma City. The auction will be from 10 a.m to noon, ...
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