18% ROI: Your Ticket to Success with Summit County Tax Lien & Deed Investing

Summit County, Ohio, offers a unique opportunity for investors through tax lien certificates and tax deed sales. These investment options can provide high returns and allow you to acquire properties at a fraction of their market value. Here’s a guide to get you started.

Overview of Tax Lien Certificates and Tax Deeds in Summit County

Tax Lien Certificates:

• You purchase a lien on a delinquent property, not the property itself.
• The lien accrues simple annual interest, which is recalculated monthly.
• If the property owner fails to pay their taxes, you earn interest until the lien is redeemed.
• Typical interest rate: 18%.

Tax Deed Sales:

• You bid to purchase the property itself.
• Bidding starts at two-thirds of the property’s appraised value.
• Requires a minimum deposit of $1,000.

Steps to Start Investing in Summit County

1. Research and Understand Local Laws
   • Knowing the legal framework is crucial.
   • Check the specific regulations for tax lien and tax deed sales in Summit County.
2. Visit the Summit County Fiscal Office Website
   • Find detailed information on tax lien certificates: Summit County Tax Certificate Liens​.
   • Look up tax deed sales info: Summit County Sheriff’s Office​.
3. Check the Auction Site
   • Auctions for tax deeds are conducted online via RealAuction: Summit County Delinquent Taxes Sale Auction Site​.
4. Understand the Details About Tax Liens and Deeds
   • Ensure you know the sale schedule, parcel inquiry details, and other essential information.
5. Contact the County Office
   • For additional inquiries, contact the Summit County Fiscal Office at 330-643-2600.

Important Details

Detail	Tax Lien Certificate Sales	Tax Deed Foreclosure Sales
Typical Sale Date	End of October annually	Tuesdays at 10:00 AM
Redemption Period	1 year by Redemption Payment Plan	Not applicable (property is sold)
Interest Rate	18%	Not applicable
Bid Procedure	Bid Down (lowest interest rate wins)	Premium Bid (highest bid wins)
Deposit	$500 registration fee	$1,000 minimum deposit
Auction Site	Summit County Fiscal Office	RealAuction
County Website	County Website	Summit County Sheriff’s Office

Pro Tips

• Research Thoroughly: Ensure you fully understand the property and its current state.

• Budget for Additional Costs: Prepare to cover potential additional costs, such as back taxes or liens.

• Register Early: Registration is mandatory to participate in auctions.

• Check for Meth Lab Locations: The Sheriff’s website notes properties previously used for illegal activities.

Useful Links

• County Tax Certificate Liens: Link
• County Tax Deed Sales Information: Link
• County Delinquent Taxes Sale Auction Site: Link

FAQs

Q: How do I register for an auction?

A: You can register on the Summit County Fiscal Office website or RealAuction site. Ensure you pay the registration fee in advance.

Q: What happens if the property owner redeems the lien?

A: You will receive your investment back plus the accrued interest.

Q: Do tax deed purchases involve any additional costs?

A: Yes, there might be additional costs, such as back taxes or liens, so research thoroughly before bidding.

Q: How can I avoid foreclosure on my property due to unpaid taxes?

A: Enter into a payment plan with the Delinquent Tax Department to avoid a tax lien sale and foreclosure​.

Ready to explore investment opportunities in Summit County? Dive into the world of tax lien and tax deed investing and unlock potential high returns with minimal upfront costs. Want to learn more? Book a call with us or access our FREE resources. Happy investing!

Sign up or log in to view the full content.