Score Big with Online Tax Deed Sales in Medina County, Ohio

Is it still possible to buy cheap properties in this economy?!

Yes, it is! In Medina County, Ohio, tax deed sales offer a fantastic opportunity to purchase properties at potentially below-market prices. These sales are held every scheduled Thursday and conducted online via Realauction, making it convenient to participate from the comfort of your home.

How to Start Acquiring Below-Market Properties in Medina County, Ohio?

To get started, register online with Realauction and submit your deposit, which is based on the property’s appraised value. Here’s a breakdown of the deposit amounts:

• $2,000 for properties appraised at $10,000 or less
• $5,000 for properties appraised between $10,001 and $200,000
• $10,000 for properties appraised over $200,000

This system ensures a fair bidding process and reflects the seriousness of your intent.

Understanding Tax Deed Sales

In tax deed sales, the bidding starts at the unpaid tax amount plus court costs. This setup can allow you to purchase properties below market rates. If the property owner doesn’t redeem the lien within the specified period, you gain ownership of the property.

Important Details

Detail	Information
Tax Sale Type	Tax Foreclosure Sale / Tax Deed Sale
Typical Date of Sale	Every scheduled Thursday
Bid Procedure	Premium Bid
Deposit Amounts	$2,000 for properties appraised at $10,000 or less <br> – $5,000 for properties between $10,001 and $200,000 <br> – $10,000 for properties over $200,000
Sale Contact	Medina County Sheriff’s Office – Medina County Sheriff’s Office
Auction Site	Medina County Auction Site
County Website	Medina County Official Site
County Treasurer’s Office	Medina County Treasurer

Useful Links

• County Auditor’s Sheriff Sales
• County Tax Sale Information
• County Treasurer

Pro Tips

1. Research Thoroughly: Always research the properties and understand the legal framework in your target area.
2. Know the Rules: Familiarize yourself with the bidding procedures and deposit requirements.
3. Prepare Financially: Ensure you have the necessary funds ready for the deposit and potential purchase.

Attractions and Economic Highlights in Medina County

Medina County offers more than just investment opportunities. Here are some highlights:

• Popular Attractions: Enjoy parks, theatres, and historical sites in Medina County.
• Transportation Infrastructure: The county is well-connected with major roads, railways, and nearby airports.
• Economic Development: The local economy benefits from sectors like agriculture, technology, and manufacturing.
• Community Appeal: There are numerous outdoor recreational activities, entertainment options, and historical attractions to explore.

FAQs

What is a tax deed sale?

• A tax deed sale is a public auction where properties with unpaid taxes are sold. The winning bidder gets ownership of the property if the previous owner doesn’t redeem it.

How do I participate in Medina County’s tax deed sales?

• Register online with Realauction, submit your deposit, and start bidding on the scheduled auction days.

What are the deposit requirements?

• Deposits vary by property value: $2,000 for properties up to $10,000, $5,000 for properties between $10,001 and $200,000, and $10,000 for properties over $200,000.

Need a Hand?

If you need further assistance or guidance with tax lien investing, don’t hesitate to reach out. Book a call or access our free resources for more personalized help.

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