Real Estate for 40-90% Less – Cumberland County – North Carolina Tax Deed Investing
Unlock incredible discounts on properties in Cumberland County, North Carolina! Visit the courthouse steps on Thursdays at noon for Tax Foreclosure Sales, where you can bid on real estate for 40 to 90% below market value.
North Carolina, known for its beautiful landscapes, historic towns, and thriving economy, offers exciting opportunities for tax lien and tax deed investors. These investments can provide high returns with relatively low risk. Understanding the ins and outs of tax sales in North Carolina is essential for anyone looking to explore this market. Whether you’re new to tax lien investing or an experienced investor, North Carolina has unique features that make it a prime location for building a portfolio.
Cumberland County Tax Foreclosure Sale Information
Cumberland County offers a fantastic opportunity for property investors through its tax foreclosure sales. These sales are typically held on Thursdays at noon on the courthouse steps. Properties are sold to the highest bidder, often for a fraction of their market value.
Steps to Participate
No Registration Needed: Just show up at the courthouse steps at 117 Dick Street, Fayetteville, NC, usually at noon on Thursdays.
Deposit Requirement: The highest bidder must provide a 20% deposit or $750, whichever is more, in cash or certified funds.
Upset Bid Period: If a property receives an upset bid during the 10-day period, the new bidder must outbid the current offer with a 5% or $750 deposit.
Final Payment: Full payment is due within 14 days in certified funds. Failure to comply results in forfeiture of the deposit and the property.
Commissioner’s Deed: The winning bidder receives a Commissioner’s Deed upon full payment.
Important Details
Detail
Description
Tax Sale Type
Tax Deed Sale
Typical Date of Sale
Thursdays at 12:00 noon
Bid Procedure
Premium Bid
Deposit Required
20% or $750, whichever is greater
Upset Bid Period
10 days
Full Payment Due
Within 14 days of winning the bid
Winning Bidder
Receives a Commissioner’s Deed
Pro Tips
Research: Thoroughly investigate the property before bidding. Understand the legal description and parcel number.
Preparation: Have certified funds ready for the deposit and full payment.
Due Diligence: Be aware that properties are sold “as-is” with all faults.
Population: As of the latest census, North Carolina has a population of about 10.7 million people, making it the 9th most populous state in the U.S.
Property Taxes: North Carolina has a relatively low property tax rate compared to the national average, which makes it attractive for real estate investors.
Historical Significance: Known as the birthplace of aviation, North Carolina is home to the Wright Brothers’ first flight.
Notable Locations: The state boasts beautiful coastlines, mountain ranges, and thriving cities like Charlotte and Raleigh.
Attractions and Economic Highlights
Popular Attractions
Blue Ridge Parkway: A scenic drive through the Appalachian Mountains.
Biltmore Estate: A historic mansion in Asheville offering tours of gardens and architecture.
Wright Brothers National Memorial: The site of the first powered flight.
Transportation Infrastructure
North Carolina boasts a well-developed transportation network, including:
Major Highways: Interstate 40, 85, and 95.
Airports: Charlotte Douglas International Airport is one of the busiest in the U.S.
Railways: Amtrak serves multiple cities.
Economic Development
Agriculture: North Carolina is a leader in the production of sweet potatoes, tobacco, and poultry.
Technology: Research Triangle Park (RTP) is a major tech hub.
Manufacturing: The state is known for its automotive, textile, and furniture industries.
Community Appeal
North Carolina offers plenty of recreational activities:
Eco-tourism: National parks and wildlife reserves.
Outdoor Activities: Hiking, fishing, and beach activities along the coast.
FAQs
Q: Do I have to register to attend the sale?
A: No, the sales are open to the public.
Q: Can I purchase the property prior to the Tax Foreclosure auction?
A: No, properties are only sold at the auction.
Q: What kind of deed will I receive if I am the highest and final bidder?
A: You will receive a Commissioner’s Deed.
Q: What happens if I cannot make the full/final payment?
A: If you fail to make the full payment within 14 days, your deposit will be forfeited, and the property will be re-auctioned.
Q: Where do they conduct the sales?
A: The County hold the sale at the courthouse steps at 117 Dick Street, Fayetteville, NC.
If you need assistance or guidance with tax lien investing, feel free to contact us for more information. Consider booking a call and check our free resources and support to help you navigate the process.
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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.
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
Cumberland County
Real Estate for 40-90% Less – Cumberland County – North Carolina Tax Deed Investing
Unlock incredible discounts on properties in Cumberland County, North Carolina! Visit the courthouse steps on Thursdays at noon for Tax Foreclosure Sales, where you can bid on real estate for 40 to 90% below market value.
North Carolina, known for its beautiful landscapes, historic towns, and thriving economy, offers exciting opportunities for tax lien and tax deed investors. These investments can provide high returns with relatively low risk. Understanding the ins and outs of tax sales in North Carolina is essential for anyone looking to explore this market. Whether you’re new to tax lien investing or an experienced investor, North Carolina has unique features that make it a prime location for building a portfolio.
Cumberland County Tax Foreclosure Sale Information
Cumberland County offers a fantastic opportunity for property investors through its tax foreclosure sales. These sales are typically held on Thursdays at noon on the courthouse steps. Properties are sold to the highest bidder, often for a fraction of their market value.
Steps to Participate
No Registration Needed: Just show up at the courthouse steps at 117 Dick Street, Fayetteville, NC, usually at noon on Thursdays.
Deposit Requirement: The highest bidder must provide a 20% deposit or $750, whichever is more, in cash or certified funds.
Upset Bid Period: If a property receives an upset bid during the 10-day period, the new bidder must outbid the current offer with a 5% or $750 deposit.
Final Payment: Full payment is due within 14 days in certified funds. Failure to comply results in forfeiture of the deposit and the property.
Commissioner’s Deed: The winning bidder receives a Commissioner’s Deed upon full payment.
Important Details
Pro Tips
Fun Facts About North Carolina
Attractions and Economic Highlights
Popular Attractions
Transportation Infrastructure
North Carolina boasts a well-developed transportation network, including:
Economic Development
Community Appeal
North Carolina offers plenty of recreational activities:
FAQs
Q: Do I have to register to attend the sale?
A: No, the sales are open to the public.
Q: Can I purchase the property prior to the Tax Foreclosure auction?
A: No, properties are only sold at the auction.
Q: What kind of deed will I receive if I am the highest and final bidder?
A: You will receive a Commissioner’s Deed.
Q: What happens if I cannot make the full/final payment?
A: If you fail to make the full payment within 14 days, your deposit will be forfeited, and the property will be re-auctioned.
Q: Where do they conduct the sales?
A: The County hold the sale at the courthouse steps at 117 Dick Street, Fayetteville, NC.
Useful Links
Need a Hand?
If you need assistance or guidance with tax lien investing, feel free to contact us for more information. Consider booking a call and check our free resources and support to help you navigate the process.
Sign up or log in to view the full content.
Join Us
Learn how to get 18-36% returns on your investment and buy property for as little as $500 with tax lien and tax deeds.