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Real estate / tax delinquency / investor question FL Panhandle

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Real estate / tax delinquency / investor question FL Panhandle

Old 11-10-2019, 12:20 PM
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Question Real estate / tax delinquency / investor question FL Panhandle

We're interested in a lot that is for sale in the FL panhandle.
As it turns out, the current owners have not paid their 2019 and 2018 property taxes.
Who has experience with this? What do all the entries on the tax bill mean? It says Face Amount $xxx, Bid % 0.25, Bidder xxxxxx. What does that mean?
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Old 11-10-2019, 02:10 PM
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Originally Posted by berrie View Post
We're interested in a lot that is for sale in the FL panhandle.
As it turns out, the current owners have not paid their 2019 and 2018 property taxes.
Who has experience with this? What do all the entries on the tax bill mean? It says Face Amount $xxx, Bid % 0.25, Bidder xxxxxx. What does that mean?
The tax certificate usually goes up for auction in bulk. Whoever wins the bid gets a small percentage return when the owner pays the property taxes. After a certain time period the buyer of the certificate can foreclose on the property if it’s never paid.

The taxes will have to be paid in order to get a clear title.
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Old 11-10-2019, 02:18 PM
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Originally Posted by Pipo6007 View Post


The tax certificate usually goes up for auction in bulk. Whoever wins the bid gets a small percentage return when the owner pays the property taxes. After a certain time period the buyer of the certificate can foreclose on the property if it’s never paid.

The taxes will have to be paid in order to get a clear title.
Thank you for the info, I suspected something like that. Not a deal breaker, but definitely an indication the seller is motivated to sell.

Thank you
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