Deed or Lien Sale? Franklin County, Ohio

Franklin County, Ohio, offers unique investment opportunities through both tax lien and deed sales, making it an attractive destination for investors. With Columbus as its heart and Ohio’s capital, the county’s strategic significance in real estate is undeniable.

Franklin County Tax Sales Overview

Tax Lien Sales:

• Sale Type: Bulk Tax Lien Sale
• Typical Sale Date: Late October to Early November
• Bid Procedure: Bid down
• Deposit: $500 refundable deposit, plus 10% of the purchase price before the sale
• Interest Rate: 18% simple interest
• Redemption Period: 1 year
• Details: Franklin County auctions tax liens in large portfolios valued in the millions, targeting larger investors rather than individuals.

Tax Deed Sales:

• Sale Type: Tax Deed Foreclosure Sale
• Typical Sale Date: Every Friday at 9:00 AM Online
• Bid Procedure: Premium bid
• Deposit: Ranges from $2,000 to $10,000 based on the appraised value of the property
• Details: Managed by the Sheriff’s Office, this sale caters to those interested in individual properties, with starting bids at two-thirds of the property’s appraised value.

Important Details and Links in Franklin County, Ohio

Detail	Tax Lien Sales	Tax Deed Sales
Typical Sale Date	Late October to Early November	Every Friday at 9:00 AM Online
Redemption Period	1 year	Not applicable
Interest Rate	18% simple interest	Not applicable
Bid Procedure	Bid down	Premium bid
Deposit	$500 refundable deposit, plus 10% of purchase price	$2,000 to $10,000 based on appraised property value
Sale Contact	Franklin County Treasurer’s Office	Franklin County Sheriff’s Office
Auction Site	Not specified	Franklin County Sheriff’s Auction

Useful Links

• County Treasurer’s Office: Franklin County Treasurer
• County Tax Lien Sale Information: Tax Lien Sale Buyer Information
• County Sheriff’s Office: Sheriff’s Office
• County Tax Deed Foreclosure Auction Site: Sheriff’s Auction

Pro Tips for Investors

• Do Your Research: Understand the local laws and regulations regarding tax sales in Franklin County.

• Prepare Financially: Ensure you have the necessary funds ready for deposits and full payments.

• Check the Auction Site Regularly: Stay updated with the latest properties up for auction.

Frequently Asked Questions

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

A: If the property owner redeems the tax lien within the redemption period, they must pay the full amount of the lien plus interest. The investor receives the principal amount invested plus the accrued interest.

Q: Can individual investors participate in Franklin County tax lien sales?

A: While individual investors can participate, the bulk nature of the tax lien sales typically targets larger investors due to the high total values of the lien portfolios.

Q: How often are tax deed auctions held?

A: Tax deed auctions in Franklin County are held online every Friday at 9:00 AM.

By understanding these details, investors can make informed decisions about participating in Franklin County’s tax lien and deed sales. Happy investing!

Keywords

• Knowledge Keywords: Tax lien investing, tax deed investing, Franklin County tax sales, Ohio tax lien, Ohio tax deed
• Additional Keywords: Bulk tax lien sale, tax deed foreclosure sale, premium bid procedure, property auction, tax lien certificates

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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