Lake County, Ohio’s Tax Sales: From Bulk Tax Liens to Individual Tax Deeds

Through bulk tax lien sales and accessible tax deed sales, Lake County, Ohio, offers unique investment opportunities. Whether you’re a large-scale investor looking to purchase multiple properties or an individual investor seeking single-property investments, Lake County has something to offer.

Investing in tax liens or tax deeds in Lake County, Ohio, is an excellent way to maximize returns and acquire properties below market value. The low entry cost and potential for high returns make these investments attractive compared to traditional real estate investments.

Understanding Tax Lien Certificates and Tax Deeds in Lake County

Tax Lien Certificates

• These are sold as a single portfolio each fall.
• Ohio law does not permit individual tax lien certificate sales.
• Investors purchase the liens, and if the property owner doesn’t pay the owed taxes, the investor can eventually foreclose on the property​ (Lake County, Ohio)​.

Tax Deeds

• Known as Delinquent Tax Foreclosure Sales, held every Monday.
• Conducted online via Real Auction, allowing individual investors to participate.
• The starting bid is two-thirds of the property’s appraised value​ (Lake County, Ohio)​.

Steps to Start Investing in Lake County, Ohio

Research and Understand Local Laws

• Knowing the legal framework in Lake County is crucial for successful investment.

• Key regulations are outlined in Ohio Revised Code sections 5721.30 to 5721.43.

Visit the Local Treasurer’s Website

• Check the Lake County Treasurer’s Office for detailed information on tax sales​ (Lake County, Ohio)​.

Check the Auction Site

• The auction for delinquent tax foreclosures is held at the Real Auction.

Read the Details About Tax Liens or Tax Deeds

• Understanding the sale schedule and parcel inquiry is essential.

Contact the County Office

• For additional inquiries, reach out to the County Treasurer at 440-350-2516.

Important Details in Lake County Tax Sales

Detail	Information
Tax Sale Type	Tax Lien Certificates, Tax Deeds
Typical Sale Date	Fall for Tax Liens, Every Monday for Tax Deeds
Redemption Period	Up to 18 months (for tax liens)
Interest Rate	Varies based on the lien
Bid Procedure	Starting bid at 2/3 of appraised value for tax deeds
Deposit	Varies ($2,000 to $10,000 depending on property value)

Pro Tips

• Register Early: Create an account on Real Auction and familiarize yourself with the process.
• Prepare Funds: Ensure you have the required deposit ready.
• Research Properties: Use the Lake County Auditor’s Property Search to gather details on properties of interest.

Community Appeal

Lake County, located on the southern shore of Lake Erie, boasts a rich history and vibrant community. The county seat is Painesville, and Mentor is the largest city. The county’s real estate market benefits from diverse attractions, robust transportation infrastructure, and ongoing economic development initiatives.

FAQs

Q: What is a tax lien certificate?

A: It’s a claim against a property for unpaid taxes. Investors purchase these liens and earn interest on the unpaid amount.

Q: How often are tax deed sales held in Lake County?

A: The auction takes place every Monday or on Tuesday if Monday falls on a holiday.

Q: What is the starting bid for tax deeds?

A: Typically, two-thirds of the property’s appraised value is the starting bid​​.

Useful Links

• Real Auction
• County Auditor’s Property Search
• County Tax Delinquent Foreclosure Information
• County Treasurer’s Office
• County Sheriff’s Office
• County Official Website
• County Delinquent Tax Auction Site

Need a Hand?

If you need assistance with tax lien investing, reach out to experts or book a call with us for personalized guidance. Engage with the community by leaving comments and sharing your experiences.

By understanding and leveraging these opportunities, you can make informed decisions and potentially gain significant returns on your investments in Lake County, Ohio.

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