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If I pay the taxes will the property transfer to my name? No, if you are not the owner you must become the successful bidder at the county tax sale. Paying the taxes on such property will only cause a redemption or reconveyance to the current assessed owner.
Tax deed states with no redemption period are called ?redeemable deed? states. These states are Connecticut, Georgia, Rhode Island, Tennessee and Texas. Purchasing in a redeemable state can be very productive, and financial success is realistic if you follow the system Ted has outlined in his course material.
Failure to pay your property taxes on time could eventually lead to you losing your home. You have until the first Monday in June to clear your delinquent property tax bill. Otherwise, the County Treasurer can get a certificate that allows them to legally hold the property for two years.
If I pay the taxes will the property transfer to my name? No, if you are not the owner you must become the successful bidder at the county tax sale.
There is no redemption period on property acquired through the tax auction. Once you receive the recorded absolute deed the property is yours. There is a 2 year period where the previous owner may protest the sale and during which title companies do not issue title insurance.
We hope you enjoyed Ted's lesson, ?Is Nevada a Tax Lien or Tax Deed State?? The answer is that Nevada is both. You can purchase tax lien certificates in Nevada at oral bid auctions, and the interest rate paid on the certificates is up to 12%.
Property owners have 2 years from the date the Lien is filed to redeem the property by payment of all taxes, delinquencies and costs.
Redemption Period After the Certificate Is Issued. The redemption period before the county can sell your home at a tax sale is two years after the certificate is issued. (However, the redemption period for an abandoned property is one year.) (Nev.