Can You Really Save 40-90% on Buying a Property? – Orange County – North Carolina Tax Deed Investing

Investing in tax deeds in Orange County, North Carolina, offers an excellent opportunity to buy property at a fraction of its market value. The county uses the “In Rem” foreclosure method, meaning properties with unpaid taxes are seized and auctioned off. This method allows investors to acquire properties for just the amount owed in taxes and associated costs.

Understanding Tax Deeds

A tax deed is issued when a property is sold at auction due to unpaid taxes. In Orange County, if the property owner fails to pay their taxes, the county forecloses on the property and sells it at a public auction. The highest bidder at these auctions must pay the bid amount in full immediately, using cash or certified funds. If there are no higher bids during the 10-day upset period, the buyer receives a Sheriff’s Deed, transferring ownership without any warranties.

Steps to Start Tax Deed Investing

1. Research Local Laws
   
   Familiarize yourself with North Carolina General Statutes, especially §105-375, which governs tax foreclosure sales in the state.
2. Visit the Local Treasurer’s Website
   
   Check the Orange County Tax Administration’s website for details on upcoming auctions and procedures: Orange County Tax Administration​​.
3. Check the Auction Site
   
   Hold auctions at the Orange County Courthouse Steps, 106 E. Margaret Lane, Hillsborough, NC. The county posts detailed notices on its website and in local newspapers like the News of Orange and the Chapel Hill Herald two weeks before the sale​​.
4. Read the Details About Tax Deeds
   
   Understanding the auction process, including the upset bid period and the need to pay any due taxes and fees post-purchase, is crucial. Buyers must research any additional liens or encumbrances, as properties are sold “as is.
5. Contact the County Office
   
   For specific questions, contact Brandy Prince, Deputy Tax Collector, at 919-245-2731 or via email​.

Important Details:

Detail	Information
Tax Sale Type	Tax Deed Sale
Typical Sale Date	Year-round, excluding December and January
Bid Procedure	Premium Bid
Auction Site	Orange County Courthouse Steps, 106 E. Margaret Lane, Hillsborough, NC
Contact	Brandy Prince, Deputy Tax Collector: 919-245-2731
Website	Orange County Tax Auctions

Pro Tips:

• Research Thoroughly: Always check for additional liens or taxes that the sale might not clear.
• Be Prepared to Pay Immediately: You must pay the highest bid in full at the conclusion of the sale.
• Understand the Upset Bid Period: A 10-day period allows bidders to submit higher bids. Prepare for this possibility.

Attractions and Economic Highlights in Orange County

• Popular Attractions: The county is home to historic sites, parks, and cultural institutions.
• Transportation: The roads, public transit, and nearby airports connect the area well.
• Economic Development: Key sectors include education, technology, and healthcare, contributing to a robust local economy.
• Community Appeal: Enjoy outdoor activities, vibrant entertainment options, and rich historical attractions.

FAQs

1. Does Orange County sell Tax Lien Certificates?
   
   No, Orange County only conducts tax deed sales​.
2. Can I get a list of pending foreclosures?
   
   Yes, lists are available on the county’s website but not mailed out​​.
3. What if I pay someone’s delinquent taxes?
   
   Paying someone else’s taxes does not entitle you to ownership of the property​​.
4. How often are foreclosures held?
   
   Year-round, except for December and January​​.
5. What type of deed will I receive?
   
   A non-warranted Sheriff’s Deed​​.

For more information, visit the Orange County Tax Administration page.

Need A Hand?

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By understanding these processes and preparing accordingly, you can make informed decisions and potentially secure valuable properties at significantly reduced prices.

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