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The main difference between the two is that with a tax lien certificate an investor is purchasing the right to collect the taxes and place a lien on a property, while with a tax deed, an investor is actually purchasing the property, by virtue of a tax deed for unpaid real property taxes, at auction.

California is a tax deed state where the owner has 5 years to pay back property taxes before the property is seized by the county and sold at a public auction to the highest bidder. Tax defaulted property auctions and lists of the properties for sale are announced on county websites and in the local newspapers.

Transferring California Tax Deeds ?The winning bidder may take possession of a property after the Tax Deed to the Purchaser has been recorded, which is between 60 and 70 calendar days after the date of the tax sale,? says the LA County tax information website.

Florida is both a tax lien and tax deed state. The process begins with the tax lien. If a property owner has not paid property taxes, the county will sell a tax lien certificate at a public auction via a bid-down process on the interest rate, which starts at 18%.

The easiest way to do that is, get the local newspaper because they'll publish it in the county that you're in if you're in a state that sells tax liens or tax deeds. If you're not in a state that sells tax lien certificates, then you'll have to go to the county websites.

Tax-Defaulted Land Sales The county tax collector must attempt to sell the property within four years of becoming subject to sale. The county tax collector may offer the property for sale at public auction, a sealed bid sale, or a negotiated sale to a public agency or qualified nonprofit organization.

At the end of the 5 years for residential property and 3 years for non-residential commercial property, if the tax is not redeemed, the Treasurer and Tax Collector has the power to sell the property.

When attending the tax lien sale, bring an acceptable form of payment, such as cash or cashier's check, and then bid on tax lien properties. If the investor presents a winning bid, then he or she will pay the county, and the county will then issue a Sheriff's Deed for the property purchased.

Tax Deed Sales. Tax Deed Sales and the issuance of tax deeds are governed by Florida Statute 197. The procedure involves a Tax Certificate Holder (tax certificates are sold to collect delinquent taxes) applying for a tax deed through the Tax Collector.

To the tax deed investor, the most important impact of a TTS certification is that there is one set price and will only take 30 days in Florida. If you are an investor looking to control the variables of your tax deed investment Tax Title Services is a great tool for you!