Get Cheap Properties at Miami County, Ohio Tax Sales

Are you looking for a way to invest in real estate without breaking the bank? Look no further than Miami County, Ohio! Every Wednesday, the county holds Tax Foreclosure Sales (also known as Tax Deed auctions), where you can buy properties at prices far below market value. I’ll walk you through the steps to start and provide all the key details.

Understanding Tax Foreclosure Sales in Miami County

In Miami County, tax foreclosure sales allow investors to purchase properties when the owners have failed to pay their property taxes. Realauction hosts these sales online, allowing you to participate easily from anywhere.

How It Works:

1. Registration: First, register on the Miami County Foreclosure Auction website by completing the Purchaser Information Form.
2. Bidding: Properties are available for proxy bidding seven days before the sale date.
3. Deposit: The required deposit varies:
   • Properties under $10,000: $2,000
   • Properties between $10,000 and $200,000: $5,000
   • Properties over $200,000: $10,000

You must make deposits via bank wire transfer or ACH payment; the sale does not accept cash deposits.

Steps to Start Investing in Miami County

1. Research and Understand Local Laws:
   • It’s crucial to familiarize yourself with the legal framework and regulations in Miami County.
   • Visit the Miami County Treasurer’s website for more information.
2. Visit the Auction Site:
   • Register on the Miami County Auction Site to start bidding.
   • Review the auction rules and procedures thoroughly.
3. Read Details About Tax Foreclosure Sales:
   • Sales are held every Wednesday at 10:00 AM Eastern Time.
   • Only one property is sold at a time, ensuring a fair process.
4. Contact the County Office for Inquiries:
   • For questions, you can contact the Miami County Treasurer’s Office at (937) 440-6045 or email them at [email protected].

Important Details

Information	Details
Tax Sale Type	Tax Foreclosure Sale / Tax Deed
Typical Date of Sale	Every Wednesday at 10:00 AM EST
Bid Procedure	Premium Bid
Deposit Requirements	$2,000 for properties under $10,000, $5,000 for properties between $10,000 and $200,000, $10,000 for properties over $200,000
Sale Contact	Sheriff’s Office
Auction Site	Miami County Auction Site
County Website	Miami County, OH – Official Website

Pro Tips

• Attend a Training Session: Realauction conducts virtual training classes regularly. Register by contacting Realauction Customer Service at (877) 361-7325.
• Plan Your Finances: Ensure your deposit is ready well before the auction date.
• Stay Informed: Regularly check the Miami County Treasurer’s website for updates and important announcements.

FAQs

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

A: If the property owner pays their overdue taxes plus interest, you will be reimbursed the amount you paid plus interest.

Q: Can I inspect the properties before bidding?

A: Generally, properties are sold “as-is” without inspection. It is advisable to research properties thoroughly before bidding.

Q: Are there any additional fees?

A: Besides the deposit, there may be other costs, such as administrative fees or title search fees.

Useful Links

• County Real Estate Sales
• County Sheriff’s Office
• County Auction Site
• County Treasurer’s Office

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