Know the Secret! Properties 40-90% Less Market Value- Brunswick County – North Carolina Tax Deed Investing

Imagine owning a property that costs a fraction of its market value. That’s exactly what can happen at Brunswick County, North Carolina’s Tax Foreclosure Sales! These sales offer properties multiple times a year at deep discounts. Let’s dive into the process and how you can take advantage of these opportunities.

Understanding Tax Lien Certificates and Tax Deeds

Tax lien certificates and tax deeds represent different ways to invest in properties due to unpaid taxes. With tax lien certificates, you pay the taxes owed and get a lien on the property. If the owner doesn’t pay you back with interest, you can foreclose and take ownership. With tax deeds, you buy the property outright at a tax foreclosure auction. The process is straightforward but requires careful research.

Steps to Start Tax Deed Investing

Research and Understand Local Laws

Knowing the legal framework in Brunswick County is crucial. Familiarize yourself with the county’s procedures and requirements for tax sales.

Visit the Local Treasurer’s Website

Check the Brunswick County Tax Foreclosures page for detailed information on upcoming sales, regulations, and the properties available​.

Check the Auction Site

All auctions are held at the Brunswick County Courthouse in Bolivia, NC. It’s important to be present at the auction to place your bids.

Read the Details about Tax Liens or Tax Deeds

Understanding the sale schedule, parcel inquiry, and other essential details can be found on the Brunswick County Tax Office page. This includes how to prepare for the auction and what happens if you win or default on a bid​​.

Contact the County Office

For any additional inquiries, you can contact the Brunswick County Tax Office directly. Their office is located at 30 Government Center Drive, Bolivia, NC, and they can be reached at (910) 253-2829​​.

Brunswick County North Carolina Courthouse

Important Details

Here’s a quick reference table with the essential details for Brunswick County tax deed sales:

DetailInformation
Tax Sale TypeTax Deed Sale
Typical Sale DateNo typical date. Check the Tax Foreclosures page for updates
Bid ProcedurePremium Bid
Deposit5% immediately upon the conclusion of the auction by cash, certified bank check, bank cashier’s check, or money order
Upset Bid Period10 days; minimum upset bid must exceed the previous bid by 5% or $750, whichever is greater
PaymentFull payment within a week after notification
Auction SiteBrunswick County Courthouse, Bolivia, NC
Sale ContactBrunswick County Tax Office
County WebsiteBrunswick County Official Website

Pro Tips

  1. Do Your Homework: Investigate the property thoroughly before bidding.
  2. Know the Rules: Familiarize yourself with the bidding process and the upset bid period.
  3. Prepare Financially: Have the required deposit ready and ensure you can pay the full amount promptly if you win.

FAQs

Q: What is the upset bid period?

A: A 10-day period follows the auction, during which bidders can place higher bids. The new bid must exceed the previous bid by 5% or $750, whichever is greater.

Q: What happens if I default on my winning bid?

A: You forfeit your deposit and may owe the county the difference if the property sells for less than your winning bid. The county may also bar you from future auctions​.

Q: Are properties sold ‘as is’?

A: Yes, all properties are sold in ‘as is’ condition. It’s crucial to research thoroughly before bidding.

Need a Hand?

For more guidance on tax lien investing, book a call and check out our free resources now! Happy investing!

By using this comprehensive guide, you can navigate Brunswick County’s tax foreclosure sales with confidence and potentially secure property at an incredible value.

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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.

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