Gwinnett County Fast-Track Foreclosure: Seize Properties in Just One Year!

Gwinnett County, Georgia, sits just 30 miles northeast of Atlanta, connecting easily to major highways and offering proximity to Lake Lanier for natural escapes.

This County is a vibrant area with top-rated schools and family-friendly amenities, and it draws over 10 million visitors annually. Its rapidly growing real estate market makes it a prime spot for investors.

Understanding Tax Deed Investing

Tax deed investing involves buying properties at auction where taxes are overdue. In Gwinnett County, these sales are held on the first Tuesday of selected months. The highest bidder gets the property, but the original owner has one year to redeem it by paying back the purchase price plus a 20% penalty.

Process of Tax Deed Investing in Gwinnett County

Register: You must register with the tax commissioner’s office before participating.

Bid and Purchase: Auctions are held at the Gwinnett Justice & Administration Center at 75 Langley Drive, Lawrenceville. The starting bid covers the owed taxes and costs.

Redemption Period: The owner or any lienholder has one year to redeem the property.

Foreclosure: After a year, if not redeemed, you can foreclose on the right of redemption to become the deeded owner.

Gwinnett County Important Tax Deed Details

Pro Tips

Understand Post-Purchase: Prepare for the redemption process, follow the steps for foreclosure, and take action to obtain a clear title.

Consult Professionals: Consider hiring a real estate attorney to navigate complex legal issues.

Frequently Asked Question

What is the redemption period?
The redemption period in Gwinnett County is one year. During this time, the original owner or lienholder can reclaim the property by paying back the purchase price plus a 20% penalty.

What happens if the property is not redeemed?
The buyer can initiate a foreclosure on the right of redemption and gain full ownership if the property owner does not redeem it within one year.

What is the penalty rate for redemption?
Gwinnett County imposes a 20% penalty on the purchase price for property redemption within the one-year period.

Are there any registration requirements for participating in the auction?
Yes, you must register with the Gwinnett County Tax Commissioner’s office before the auction. Check their website for detailed requirements and deadlines.

What types of payments can you use at the auction?
You’ll usually need to pay with cash or certified funds. Confirm the payment methods accepted by the tax commissioner’s office before the auction.

Can international investors participate in Gwinnett County tax deed auctions?
Yes, there are no restrictions preventing foreign investors from participating in the auctions.

What should I consider before bidding?

• Conduct thorough due diligence on the property, including title checks and property inspections.
• Understand the legal process for foreclosure and potential challenges.
• Plan to cover additional costs, including title clearing and legal fees.

Are there professional services available to assist with tax deed investing?
Yes, consider hiring a real estate attorney or investment advisor to help navigate the process and ensure compliance with state laws.

What is the typical auction schedule in Gwinnett County?
The county holds auctions on the first Tuesday of March, May, August, October, and December. Always verify the schedule on the official county website.

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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!”

20+yrs

5–10deals/mo

2009TLS founded