Earn 14% Annually at Carroll County’s Tax Lien Sale!

Imagine locking in a 14% annual return on your investment at Carroll County, Maryland’s Tax Lien Sale! This can be an incredible opportunity if you know the ropes. Let’s break down the essentials.

How to Get Started

  1. Register in Advance:
  • Register early on the auction site. Provide necessary details like your name, address, and tax ID. Compliance with Maryland’s business regulations is crucial.
  1. Bidding Process:
  • Bidding starts with the Tax Collector’s minimum, covering taxes and fees. If you bid over four times the assessed property value, ensure you have a strong justification.
  1. Payment:
  • Payments are processed via ACH Debit on sale day. Missing this step can result in losing your spot.The county will issue a Tax Sale Certificate within two weeks.
  1. Interest and Foreclosure:
  • You earn a 14% annual interest on your investment. Foreclosure opportunities open six months after the sale, with a two-year cap on redemption rights.
  1. Conditions and Responsibilities:
  • The county sells properties “as-is” without guarantees on title marketability or property details. Clear all property charges before recording the deed. The county reimburses voided sales but deducts service charges.

Key Details:

DetailInformation
Tax Sale TypeTax Lien Sale
Typical Date of SaleLast business day of June
Redemption PeriodSix months and one day from the date of sale
Interest Rate14% annually
Bid ProcedurePublic auction to the highest bidder, no high bid premium
Sale ContactCarroll County Collections Office, Phone: 410-386-2971
Auction SiteRealAuction.com
County WebsiteCarroll County Government
Farm field and dirt road in rural Carroll County, Maryland

Important Considerations

  • Interest Rate: The county offers a 14% annual interest rate on tax lien certificates.
  • Voided Sales: If the county voids a sale, they will reimburse your bid amount, deducting the service charges.
  • Certificate Transfer: You can transfer certificates with proper documentation
  • Foreclosure: You can initiate foreclosure six months after the sale, with a two-year limit on redemption rights.
  • Property Condition: The county sells properties “as-is.” Clear all charges before recording the deed.

Interesting Facts about Carroll County

  • Location: Carroll County is in Maryland, with Westminster as its county seat.
  • Population: As of the 2020 census, the population was 172,891.

FAQs

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

A: If the property owner redeems the lien within the redemption period, you’ll receive your investment back plus the 14% annual interest.

Q: Can I transfer my Tax Sale Certificate?

A: Yes, you can transfer certificates, but you must provide proper documentation, and the property owner cannot serve as the transferee.

Q: What if the property doesn’t get redeemed?

A: You can start foreclosure proceedings six months after the sale. Ensure you follow all legal requirements and consult with the Collections Office.

For more information or if you need assistance, feel free to contact the Carroll County Collections Office at 410-386-2971.

If you’re looking for help with tax lien investing, we’re here to assist! Book a call for expert advice or access free resources for guidance. Have questions? We’ll be happy to help! Happy investing!

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About Dustin Hahn

Dustin Hahn is a Tax Lien & Deed investor with over 22 years of experience and hundreds of deals under his belt. He created Tax Lien School.com to help you buy Tax Deeds up to 90% off mortgage free and earn up to 36% ROI with Tax Liens. This site was voted the “Most Useful Resource” for new investors. Dustin’s YouTube Channel is the #1 Channel on Tax Liens & Deeds with over 98,000 Subscribers and 3600 videos to help you start. “The Best Time To Start Real Estate Investing Was 20 Years Ago, The Second Best Time Is TODAY!”

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