Before buying a county tax auction?
I am interested in buying land and lots in a foreclosure sale of the county in North Carolina. I understand that you should get a title search done before Even BID. In regard to privileges – Is it true that not all privileges goverment (mortgages.. Creditors) are clean, if the property goes to the sales tax? As I understand … county records / PR Notice of Default three times .. or for a period of time, providing an opportunity for creditors to step in and basically take county taxes in arrears. Government Charges to go to the previous owner or stay in the property?
Buy from a tax sale is one of the best ways to invest! You are right about everything said. You become the owner a right at a tax sale. The main thing you are looking for is the condition of the property and where access capabilities. It depends on what that is to use the land for, what it will cost to public services and a road! Good Luck
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