Dirt Cheap Properties Available – Iredell County – North Carolina Tax Deed Investing

How to Own a Property for Dirt Cheap? Dive into Iredell County, North Carolina’s Tax Foreclosure Sales. Buying properties for pennies on the dollar is possible at Iredell County’s Tax Foreclosure Sales held at the County Courthouse in Statesville, NC. There’s no set schedule, so it’s crucial to stay updated via the county website or sign up for alerts.

Steps to Participate in Iredell County Tax Foreclosure Sales:

Visit the Local Treasurer’s Website:

Check out the Iredell County Foreclosure Auctions page.

For broader tax-related inquiries, visit the Iredell County Tax Administration page.

Check the Auction Site:

They hold the auctions at the County Courthouse in Statesville. Clerk of Court’s Special Proceedings Department manages all the sales. Contact them at (704) 832-6600 for specific details and any queries about foreclosures.

Understand the Bid Process:

They require a 20% cash deposit immediately upon winning a bid. After the initial auction, there’s a 10-day window for upset bids, allowing others to outbid you by at least 5% or $750.

Research and Understand Local Laws:

All properties are sold “as is,” with no warranties on title or condition. The new owner will cover recording fees and any remaining legal costs.

Stay Informed:

To ensure you don’t miss any opportunities, regularly check the Iredell County auction updates or sign up for notifications on the county website.

Important Details:

Detail	Information
Tax Sale Type	Tax Foreclosure Sale
Typical Sale Date	No fixed date
Bid Procedure	Premium Bid
Deposit	20% cash on the spot
Sale Contact	Tax Administration / Land Records
Auction Site	County Courthouse, Statesville, NC
County Website	Iredell County Official Site

Pro Tips:

• Research Thoroughly: Make sure to research any property you’re interested in by visiting the Register of Deeds and the County Tax Office.
• Be Prepared: Have your finances in order and be ready to make the deposit immediately if you win the auction.
• Understand “As Is”: The auction sells properties “as is,” meaning they come with no guarantees about their condition or title.

Frequently Asked Questions (FAQs):

1. What is a tax foreclosure sale?
   A tax foreclosure sale is a public auction of properties that have unpaid property taxes. The sale aims to recover the owed taxes and other legal fees.
2. How can I participate in a tax foreclosure sale in Iredell County?
   You can participate by attending the auction at the County Courthouse in Statesville. Ensure you have the 20% cash deposit ready.
3. What happens after I win a bid?
   After winning a bid, you must make a 20% cash deposit immediately. The sale remains open for 10 days for upset bids, where others can outbid you by at least 5% or $750.

Need a Hand?

You can check out Iredell County Foreclosure Auctions and Tax Administration for more information. Stay vigilant, and good luck with your property investments in Iredell County! By following these steps and staying informed, you can take advantage of great property deals in Iredell County. Check our free resources or book a call with us for personalized guidance! Check out our free resources and consider booking a call for more guidance. Happy investing!

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