Get Ready for Wicomico County Maryland’s Tax Lien Sale

Join Wicomico County’s tax lien sale this June for a chance to earn an 8% annual return. By simply registering and bidding, you could either earn interest or end up owning a property. Here’s all you need to know:

Wicomico County Overview

Wicomico County, located in southeastern Maryland on the Delmarva Peninsula, is known for its rich history and vibrant community. The county seat, Salisbury, is a hub for local government and community activities.

How It Works

  1. Registration: The sale is open to everyone, but pre-registration is highly recommended to avoid delays. Forms can be filled out in advance on the Wicomico County website.
  2. Eligibility: Property owners with delinquent taxes cannot bid.
  3. Bidding: Bidders cover immediate costs, with the balance due after the redemption period ends.
  4. Winning: Winners get a Certificate of Sale. Most tax lien certificates are historically redeemed by property owners, but if not, the certificate holder can foreclose, although foreclosure costs are borne by the purchaser.

Property Details

  • The county sells properties “as is” without guaranteeing their condition or title. It’s important to do thorough research and consider seeking legal advice before bidding.

Table: Key Tax Sale Details

DetailInformation
Tax Sale TypeTax Lien Certificates
Typical Sale DateJune
Redemption PeriodUntil foreclosure by the certificate holder
Interest Rate8%
Bid ProcedureHighest bidder wins
Payment MethodCash or check (no debit/credit cards 5 days before)
Sale ContactWicomico County Finance Department
Auction SiteWicomico Civic Center
County WebsiteWicomico County Official Website
Wicomico County Salisbury Maryland Courthouse

Facts

  • County Seat: Salisbury
  • Population: 103,588 (as of the 2020 census)
  • Named for: The Algonquian name “Wicomico” means “a place where houses are built.”

Tips for Successful Bidding

Research Thoroughly: Understand the properties and their conditions.

Pre-register: Save time and avoid delays on auction day.

Consult Legal Advice: Stay well informed about the legal implications of tax lien investing.

Frequently Asked Questions (FAQs)

Who can participate in the tax lien sale?
The sale is open to the public, but property owners with delinquent taxes cannot bid.

What happens if I win the bid?
You must pay the full amount of taxes, charges, interest, and penalties due on the day of the sale. You’ll receive a Certificate of Sale.

Can I pay with a credit or debit card?
You cannot use credit or debit cards within 5 days before the sale. Pay by cash or check instead.

What is the redemption period?
The property owner can redeem the tax lien until the certificate holder forecloses on the property.

Are there any guarantees on the properties?
The county sells properties “as is” without guaranteeing their condition or title.

By participating in Wicomico County’s tax lien sale, you could achieve significant returns on your investment. For more detailed information, visit the Wicomico County :

Need A Hand?

For any additional questions, contact the Wicomico County Finance Department. If you need help navigating tax lien investing, we’re here to support you! Book a call for expert advice. We’re happy to assist!

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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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