How About 40-90% Off Deals? – Robeson County – North Carolina Tax Deed Investing
Are you looking for an exciting investment opportunity in real estate? Look no further than Robeson County, North Carolina’s tax foreclosure sales. These sales offer a unique chance to acquire properties at significant discounts, often between 40-90% off market value. With low entry costs and the potential for high returns, tax deed investing in Robeson County could be your next big move.
Understanding Tax Deed Sales
Tax deed sales in Robeson County occur when property owners fail to pay their property taxes. The county auctions off these properties to recover the owed taxes. Here’s how it works:
Process Overview: The county files a tax foreclosure complaint. After serving the notice to interested parties and waiting for the answer period (30-45 days), a summary judgment hearing is held. Once the sale date is set, the property is auctioned at the county courthouse.
Auction Details: Auctions are typically held on Tuesdays at noon, and properties are listed on the county website at least 20 days in advance.
Winning a Bid: A 20% deposit in cash or certified funds is required immediately after winning a bid. The bid remains open for 10 days to allow for higher bids. If none are made, the winning bidder must pay the remaining amount and will receive a Commissioner’s Deed.
Steps to Start Tax Deed Investing in Robeson County
Research and Understand Local Laws
It’s crucial to understand the legal framework governing tax sales in Robeson County. You can find key regulations on the county’s official website.
They hold the Auctions at the Robeson County Courthouse. You can find detailed information about upcoming sales on the Bid4Assets auction site.
Read the Details About Tax Deeds
Ensure you understand the sale schedule, parcel inquiries, and other essential details. Properties are sold “as is,” so thorough research is essential.
Contact the County Office
For additional inquiries, you can contact the county office at 910-671-3000.
If you’re new to tax deed investing or need guidance, consider booking a call with a tax lien investing expert or accessing free resources available online. Don’t hesitate to engage or ask questions on forums dedicated to tax lien and deed investing.
By keeping these steps in mind, you can successfully navigate the exciting world of tax deed investing in Robeson County. Happy investing!
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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
Robeson County
How About 40-90% Off Deals? – Robeson County – North Carolina Tax Deed Investing
Are you looking for an exciting investment opportunity in real estate? Look no further than Robeson County, North Carolina’s tax foreclosure sales. These sales offer a unique chance to acquire properties at significant discounts, often between 40-90% off market value. With low entry costs and the potential for high returns, tax deed investing in Robeson County could be your next big move.
Understanding Tax Deed Sales
Tax deed sales in Robeson County occur when property owners fail to pay their property taxes. The county auctions off these properties to recover the owed taxes. Here’s how it works:
Steps to Start Tax Deed Investing in Robeson County
It’s crucial to understand the legal framework governing tax sales in Robeson County. You can find key regulations on the county’s official website.
You can visit the Robeson County Tax Department website and the Tax Foreclosure Sale Information page for tax deed sale information.
They hold the Auctions at the Robeson County Courthouse. You can find detailed information about upcoming sales on the Bid4Assets auction site.
Ensure you understand the sale schedule, parcel inquiries, and other essential details. Properties are sold “as is,” so thorough research is essential.
For additional inquiries, you can contact the county office at 910-671-3000.
Important Details
Pro Tips
Attractions and Economic Highlights
Frequently Asked Questions
You must pay a 20% deposit immediately and complete the payment within 10 days if no one places a higher bid.
They sell the Properties “as is,” so it’s crucial to research any existing liens or issues beforehand.
The county lists surplus properties on its website, and you can make an offer by contacting the tax department.
Useful Links
Need a Hand?
If you’re new to tax deed investing or need guidance, consider booking a call with a tax lien investing expert or accessing free resources available online. Don’t hesitate to engage or ask questions on forums dedicated to tax lien and deed investing.
By keeping these steps in mind, you can successfully navigate the exciting world of tax deed investing in Robeson County. Happy investing!
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.