Unlock Massive Savings on Wood County, Ohio’s Tax Deed Sale
Can you buy properties at 60% off market value in Ohio? Yes! At Wood County’s Sheriff’s Delinquent Tax Sales, bidders buy properties below market value and wipe out previous mortgages. With a population of about 133,000, Wood County, home to Bowling Green, offers more than scenic beauty.
Understanding Tax Lien Certificates and Tax Deeds:
The county sells tax lien certificates when property owners fail to pay their taxes. Investors pay the outstanding taxes and, in return, receive a lien on the property. If the property owner doesn’t repay the taxes plus interest, the investor can foreclose on the property. On the other hand, tax deeds involve buying the property outright at a tax sale auction, wiping out previous liens and mortgages. Both methods can offer substantial returns compared to traditional investments.
Important Details and Links in Wood County Tax Sale:
Here’s a handy table with all the key information and links related to the County’s tax lien and tax deed sales:
Detail
Information
Tax Sale Type
Foreclosure sale/tax deed sale
Typical Date of Sale
Every Thursday at 10:00 AM
Bid Procedure
Properties start at 2/3 of the appraised value in the premium bid method. If unsold, a second auction occurs with no minimum bid.
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
Wood County
Unlock Massive Savings on Wood County, Ohio’s Tax Deed Sale
Can you buy properties at 60% off market value in Ohio? Yes! At Wood County’s Sheriff’s Delinquent Tax Sales, bidders buy properties below market value and wipe out previous mortgages. With a population of about 133,000, Wood County, home to Bowling Green, offers more than scenic beauty.
Understanding Tax Lien Certificates and Tax Deeds:
The county sells tax lien certificates when property owners fail to pay their taxes. Investors pay the outstanding taxes and, in return, receive a lien on the property. If the property owner doesn’t repay the taxes plus interest, the investor can foreclose on the property. On the other hand, tax deeds involve buying the property outright at a tax sale auction, wiping out previous liens and mortgages. Both methods can offer substantial returns compared to traditional investments.
Important Details and Links in Wood County Tax Sale:
Here’s a handy table with all the key information and links related to the County’s tax lien and tax deed sales:
Pro Tips:
Attractions and Economic Highlights in Wood County:
FAQs:
For more details and current listings, check the Wood County Sheriff’s Office and Realauction.
If you need more help or guidance, don’t hesitate to reach out to us, book a call now for a personalized investing plan tailored just for you.
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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.