asics Tax Lien Sale time in FLI

Posted by asicstrainers - August 14, 2015

Tax Lien Sale time in FL

I am studying the tax lien certificate sales in Tampa Bay, FL. It is a long term investment strategy which I am interested in. Mainly because there is a minimal amount to invest with at this time but I the little I do have i asics s only earning $.05 per month in a traditional savings account (it really hurts). So researching and talking to investors of tax lien certificates, it is low risk and more often than not, rewarding.

There have been several conversations about it here but I do know some of what I’ve read is incorrect. In this county in FL, once the redemption period has expired on a cert, you will asics receive a letter from the county to advise that you may apply for the deed. If you are the cert owner and you apply for the deed, paying all fees, back taxes for processing the foreclosure, the property belongs to you. So the investment comes down to paying to process the deed application if the cert is not redeemed. FL also has deed auctions.

Anyone in FL have more insight or advice? Online cert auction is in 6 weeks and I have an option to purchase certs from another party who has done all of the leg work. Want to get my feet wet and doing all I can to have a positive experience. Open to any suggestions and feedback. Once the county sends you that information you can apply for foreclosure and then the property goes to the tax deed auction where the Cert owner has the opportunity to own the property free and clear should no one bid on the property.

No offense but I would strongly suggest you do your own research the properties in which you plan to invest in.

Pretty sure that the mature certs have to go to public auction at a tax deed sale, which goes to the highest bidder after the cert holder has been paid their investment + return.

I don’t think I would classify it as low risk. In every auction, I see a handful of cert holders left holding the bag on practically worthless parcels. The certs are not redeemed and no one bothers to bid on the property at the tax deed sale. At that point, the cert holder gets title, but many of these left over parcels are slivers and portions of land that you can not monetize.

It is a highly competitive business. Wells Fargo, Deutsche Bank, etc and multiple private equity firms bid on the certs in Hills County.

The bottom line is, do your homework. Check out to make sure the property has some value before bidding on the cert. Hope it is some value to you.


The holder of a Tax Certificate may at any time after two years have elapsed from April 1st of year of issuance of the Tax Certificate and before the expiration of seven years from the date of issuance, file a Tax Deed Application with the Tax Collector. The Certificate Holder must pay the Tax Collector all amounts required for redemption or purchase of all other outstanding Tax Certificates, any omitted taxes, current and delinquent taxes, plus interest and fees. The Tax Collector will certify to the Clerk of the Circuit Court a list of all persons required by law to be notified prior to the sale of the property and a certification of monies involved in the application. The Tax Deed Applicant will then be notified of the additional funds needed for advertising and other costs. After all necessary advertising and noticing, the Clerk’s Office will schedule a Tax Deed Sale date. The Tax Deed Applicant receives 18% per annum interest on the application, beginning the month after application through the month of redemption or Tax Deed Sale date. If the property is purchased by a person other than the Certificate holder, the Certificate holder will be reimbursed all of the sums paid, including the above referenced 18% interest. For complete rules please see Florida Statute 197.502. After 2 years when you want to collect your money, you have to come up with the money to pay all the other certificates sold on that property, plus clerk fees and publishing cost asics s, etc. then at the auction, IF someone bids high enough to cover All the outstanding taxes, you get paid from the proceeds. You have no advantage at that auction. You could buy a $1,000 certificate, then have to pay off another $8,000 in certificates in a few years when you want to send it to auction, then either 1) you get your money back, plus interest or 2) you could get stuck with a property worth $4,000.

I think the due diligence process is pretty much the same. Go look at the property and make sure you would want to own it. Make sure you give yourself plenty of cushion on the bid that you are not close to the value of the property. Check the other tax liens and other government liens, like IRS. You can definitely get burned if you are not paying attention. I have seen Certs go to auction with a starting bid of $15k on a knock down and the lot is not even worth $5k. It makes me wonder what the heck the cert buyers were thinking.

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