Unlock Huge Discounts Up to 90% Off – Union County, North Carolina Tax Deed Investing

Are you looking for an investment that offers great returns? Union County, North Carolina’s Tax Foreclosure Sale could be your next opportunity. Here, you can bid on tax-delinquent properties and secure deals below market value. The auctions are held at the Union County Judicial Center, and properties are sold “as is” with no warranties. While there’s risk involved, the potential upside is significant.

Steps to Start Tax Deed Investing

1. Research and Understand Local Laws: Knowing the legal framework is crucial. Key regulations and procedures should be reviewed on the Union County Property Tax Foreclosures page.
2. Visit the Local Treasurer’s Website: Find detailed information about tax lien sales on the Union County Tax and Property Department page.
3. Check the Auction Site: They hold the auctions at the Union County Judicial Center. For the latest updates and property lists, visit Union County Property Tax Inquiry.
4. Read the Details About Tax Liens or Tax Deeds: Understanding the sale schedule, parcel inquiry, and other essential details is vital. Information is available on the of Union County’s official website.
5. Contact the County Office: For any inquiries, contact the Union County Tax Assessor’s office at 704-283-3746.

Union County Auction Process:

The auction takes place in front of the Union County Judicial Center at 400 North Main Street, Monroe, NC. All properties sold at auction are subject to the “as is” condition, with no guarantees. Here’s how it works:

1. Opening Bid: The auctioneer will announce the opening bid, which includes delinquent taxes and associated fees.
2. Winning the Bid: If you win, you need to pay a 5% deposit immediately in cash or certified funds.
3. Upset Bid Window: If you’re not the highest bidder, there’s a 10-day upset bid window. During this time, anyone can place a bid to outbid the current highest bid by 5% or $750 (whichever is higher).
4. Final Payment: If no one else bids higher during the upset period, you must pay the remaining balance and the deed is yours!

If you miss the initial auction or want to challenge a winning bid, the 10-day upset bid period is your opportunity to jump back in. Simply head to the Clerk of Court to place your bid and complete the necessary paperwork.

Can the Sale Be Stopped or Redeemed?

• If the foreclosure process is not yet complete, the property owner has the right to redeem the property by paying off the back taxes and fees. Once the property is sold and the deed is delivered, the redemption rights terminate.
• If you win a bid and don’t come through with payment, you’ll lose your deposit and could face legal consequences for failing to honour your bid.

Tax Foreclosure Sale Tips:

• Research: Always research the property’s title and condition before bidding. The auctioneer sells properties “as is” and without warranties.
• Payment Readiness: Prepare to pay your deposit and remaining balance promptly.
• Upset Bidding: Take advantage of the 10-day upset bid period to challenge others’ bids.

Important Details

Detail	Information
Tax Sale Type	Tax Foreclosure Sale
Typical Sale Date	No typical date
Bid Procedure	Premium Bid
Deposit	5% of the bid in cash or certified funds
Auction Site	Union County Judicial Center, 400 North Main Street, Monroe, NC 28112
Redemption Period	10 days for upset bids
Contact Information	Union County Tax and Property Department, 704-283-3746

Why Union County is Great for Tax Lien/Deed Investors:

Union County is an appealing spot for tax deed investors due to its growing population and strong local economy. With a population of around 231,000, Union County is one of the top 10 counties in North Carolina in terms of population. This means there are plenty of properties up for grabs.

Additionally, the county’s real estate market is diverse, with opportunities ranging from residential to commercial properties. Whether you’re a beginner or an experienced investor, Union County offers great prospects with manageable risks.

Pro Tips

• Prepare Your Finances: Have your deposit ready in the form of cash or certified funds.
• Stay Informed: Regularly check the Union County website for updates on upcoming sales.
• Understand the Risks: Buyers purchase properties “as is” without warranties, so conducting due diligence is essential.

FAQs

Q: Can someone stop or redeem the tax foreclosure sale?

A: Yes, the property owner or any party with a vested interest can redeem the property by paying all taxes, interest, and fees before the court confirms the sale.

Q: What is the status of the title a tax foreclosure deed delivers? Are there any warranties on the property?

A: The seller sells the property “as is” without any warranties. It is up to the bidder to investigate the property’s status and title.

Q: What happens if the successful bidder doesn’t bring in the purchase price?

A: Failure to pay the purchase price can result in the loss of the deposit and potential civil or criminal penalties.

Useful Links

• Union County Tax and Property Department
• Union County Property Tax Inquiry
• Union County Official Website
• 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?

If you need assistance or guidance with tax lien investing, feel free to book a call or access free resources. Get in touch for guidance on your next tax deed investment. Reach out today!

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