CHEAP Properties at 40-90% Discounts! – Mecklenburg County – North Carolina Tax Deed Investing

Save up to 90% on property purchases at Mecklenburg County, North Carolina’s Tax Foreclosure Sales! Here’s how it works: When property taxes are not paid, the county sells the property through a tax foreclosure sale. These sales are announced in the Mecklenburg Times for two weeks and posted at the Courthouse for at least 20 days.

Using either a mortgage-style or in-rem method, legal professionals handle the entire process. Winning the initial bid doesn’t guarantee the property, as another bidder could outdo you within 10 days with a higher offer. To remain competitive, you must raise the bid by at least 5% or $750 and submit a similar deposit. The bidding continues until no one beats the last offer within 10 days. Importantly, any collusion or bid rigging can lead to serious legal consequences, including felony charges​​.

Understanding Tax Foreclosure Sales

Properties with unpaid real estate taxes are subject to tax foreclosure. Once adjudicated, the new owner receives ownership from the delinquent taxpayer and becomes responsible for future taxes. Attorneys typically conduct sales, and it is essential to contact the assigned attorney for the properties of interest.

Upset Bids

After winning an initial bid, there is a 10-day period for others to submit upset bids. Each new bid must increase by at least 5% of the last bid or $750, and must include a 5% deposit of the new bid amount. The cycle repeats until no one submits new bids within a 10-day period​.

Important Details

Detail	Information
Tax Sale Type	Tax Foreclosure Sale
Typical Date of Sale	No typical date of sale; sales are scheduled case-by-case
Bid Procedure	Premium Bid
Deposit	5% of the bid or $750, whichever is greater
Sale Contact	Office of the Tax Collector
Auction Site	Mecklenburg County Courthouse

Pro Tips

1. Research Thoroughly: Always check the legal status and physical condition of the property.
2. Prepare for Auctions: Bring sufficient funds and understand the bidding process.
3. Follow Legal Procedures: Ensure all your actions are compliant to avoid penalties.

FAQs

What happens if a property owner declares bankruptcy?

• Bankruptcy proceedings can halt tax foreclosure actions. Pay all taxes, interest, fees, and costs up to the date of filing as a priority in the bankruptcy proceeding.

How can I place an upset bid?

• Submit upset bids to the Special Proceedings Division of the Clerk of Court. The bid must be 5% higher than the previous bid or at least $750, and a deposit is required​.

Useful Links

• Mecklenburg County Tax Foreclosure Properties
• Mecklenburg County Tax Collector’s Office
• Mecklenburg County
• Mecklenburg County Courthouse
• How to Unlock Profits and Secure Real Estate Deals in North Carolina Tax Deeds
• Let’s talk about Tax Deeds and how you can profit from them!
• Discover Tax Deeds and how you can find property for as little as $50! 
• This is how you can get properties below market value in North Carolina!

Need a Hand?

For further assistance and guidance with tax lien investing, visit the provided links or contact the Mecklenburg County Office of the Tax Collector. If you need more personalized advice, consider booking a consultation with a tax foreclosure attorney.

This article will help you get started with tax deed investing in Mecklenburg County, showing you how to purchase properties at significant discounts. If you have any questions or need more details, feel free to reach out through the provided links. Book a call with us for personalized guidance. You can also check the Free resources. Happy investing!

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