How Can You Secure a Property at 40-90% Discount? – Randolph County, North Carolina Tax Deed Investing
Are you looking for properties below market value in today’s inflated real estate market? Look no further! You can purchase properties through Randolph County, North Carolina’s Tax Foreclosure Sales. These sales take place frequently, often monthly, at the Randolph County Courthouse. Here’s how you can get started:
Discover Deals at Randolph County Tax Foreclosure Sales
Auction Details:
Location: Randolph County Courthouse, 176 E. Salisbury Street, Asheboro, NC 27203
Time: Sales start at 10:00 AM. Be sure to register 15-30 minutes before the auction begins.
Frequency: Monthly (check the Randolph County website for specific dates).
If you’re bidding for someone else, remember to bring the proper paperwork. The sheriff starts the auction based on what’s owed in taxes and fees. If you win, you’ll need to head to the Clerk’s Office to make your deposit by 4:00 PM. Properties are sold “AS IS,” so make sure to do your due diligence before the sale. Note that your bid can be challenged for 10 days. If no one tops your bid and the court confirms it, the property is yours once you complete the full payment and receive the Sheriff’s Deed.
Do Your Research: Verify property details and understand what you’re bidding on.
Check for Encumbrances: Properties are sold “AS IS,” so they may come with other liens or issues.
Prepare for Competition: Your bid can be upset within a 10-day period. Be ready to increase your offer if needed.
Fun Facts About Randolph County
Population: As of the 2020 census, Randolph County has a population of around 148,000 people.
Economic Backbone: Known for its strong ties to agriculture, Randolph County has a rich farming history. The county’s economy also includes manufacturing, textiles, and furniture production.
Outdoor Activities: Randolph County is home to North Carolina’s Natural Heritage Areas, like the Uwharrie National Forest, perfect for hiking, camping, and exploring
Q: What is a Tax Deed Sale? A Tax Deed Sale is when the county sells a property that has unpaid taxes. The highest bidder wins the property, and they receive a deed to the property after paying the full amount.
Q: How do I know if the property is worth bidding on? Use the Property Identification Number (PIN) to view maps and property details on the county’s website. Be sure to investigate any possible issues before bidding
Q: Can I bid for someone else? Yes, but you must bring the proper paperwork, like a Power of Attorney, if you’re bidding on behalf of another person
Need a Hand?
If you need help navigating the tax deed investing process, don’t hesitate to reach out. You can book a call and access free resources to guide you through your investment journey. Feel free to ask questions below to get more personalized advice.
Happy investing! Remember, every successful bid brings you one step closer to securing a valuable property at a significant discount.
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Learn how to get 18-36% returns on your investment and buy property for as little as $500 with tax lien and tax deeds.
Lien Sales Annually Oct – Nov. Deed Sales Are Held on a Needed Basis and Only on Properties That Were Not Sold at Lien Sale and Were Held by the County for 18 Months
10% Penalty if Redeemed in 1st 6 Months, 15% Penalty if Redeemed in Months 6-12, but Only on the Taxes and Fees Not the Overbid. Overbid Amount Receives 5% Interest.
Redemption Period:
1 Year if Sold at County Sale, Liens Not Sold at County Sale Are Certified to Commissioner and Sold in “Commissioner’s Certificate Sale” With 120 Day Redemption Period
Online Auction:
Yes
Over the Counter:
No but There Is a Second Auction Called a Commissioners Certificate Auction With a Shorter Redemption Period of 120 Days
25% Penalty Per 6 Months for Non Homestead or Special Land Use Properties. If 2 Yr Redemption Period Applies 25% for 1st Year and 50% Penalty for 2nd Year
Redemption Period:
6 Months for Most Properties. 2 Years for Homestead and Special Land Use Properties
Online Auction:
The Vast Majority No, but in 2019, Two Counties (Victoria & Orange)
“Upset Sale” First With Premium Bidding Which Does Not Extinguish Other Liens, Followed by “Judicial Sale” Where All Liens With the Exception of Irs Liens Are Extinguished
Frequency:
Annually Throughout the Year. Upset Sales Typically Held in the Fall. Judicial Sale Typically in the Spring but Could Be Anytime After the Upset Sale.
Interest Rate / Penalty:
N/A
Redemption Period:
N/A
Online Auction:
Very Few
Over the Counter:
Yes Through “Repository” List With County Acceptance
Randolph County
How Can You Secure a Property at 40-90% Discount? – Randolph County, North Carolina Tax Deed Investing
Are you looking for properties below market value in today’s inflated real estate market? Look no further! You can purchase properties through Randolph County, North Carolina’s Tax Foreclosure Sales. These sales take place frequently, often monthly, at the Randolph County Courthouse. Here’s how you can get started:
Discover Deals at Randolph County Tax Foreclosure Sales
Auction Details:
If you’re bidding for someone else, remember to bring the proper paperwork. The sheriff starts the auction based on what’s owed in taxes and fees. If you win, you’ll need to head to the Clerk’s Office to make your deposit by 4:00 PM. Properties are sold “AS IS,” so make sure to do your due diligence before the sale. Note that your bid can be challenged for 10 days. If no one tops your bid and the court confirms it, the property is yours once you complete the full payment and receive the Sheriff’s Deed.
Important Details
Pro Tips
Fun Facts About Randolph County
Useful Links
FAQs About Randolph County Tax Deed Sales
Q: What is a Tax Deed Sale?
A Tax Deed Sale is when the county sells a property that has unpaid taxes. The highest bidder wins the property, and they receive a deed to the property after paying the full amount.
Q: How do I know if the property is worth bidding on?
Use the Property Identification Number (PIN) to view maps and property details on the county’s website. Be sure to investigate any possible issues before bidding
Q: Can I bid for someone else?
Yes, but you must bring the proper paperwork, like a Power of Attorney, if you’re bidding on behalf of another person
Need a Hand?
If you need help navigating the tax deed investing process, don’t hesitate to reach out. You can book a call and access free resources to guide you through your investment journey. Feel free to ask questions below to get more personalized advice.
Happy investing! Remember, every successful bid brings you one step closer to securing a valuable property at a significant discount.
Sign up or log in to view the full content.
Join Us
Learn how to get 18-36% returns on your investment and buy property for as little as $500 with tax lien and tax deeds.