Score 40-90% Off Market Value – Wake County, North Carolina Tax Deed Investing

Discover incredible deals on properties at Wake County, North Carolina’s Tax Foreclosure Sales, where you can find homes for up to 90% off market value.

Wake County’s tax foreclosure sales provide an excellent opportunity for real estate investors to acquire properties at significantly reduced prices. Unlike many states, North Carolina does not sell tax lien certificates. Instead, counties like Wake County initiate foreclosure proceedings when property taxes are not paid. Here’s a detailed guide to help you get started:

Understanding the Foreclosure Process

In Wake County, the foreclosure process begins when the Department of Tax Administration dockets a foreclosure judgment with the court system for unpaid property taxes. The judgment is docketed 30 days after the property owner is notified by certified mail or publication. If the delinquent taxes, including interest and costs, are not paid before the judgment is docketed, the property is prepared for public auction.

Steps to Participate in Wake County’s Tax Deed Sales

Research Local Laws: Understanding the legal framework is crucial. Wake County follows specific procedures for tax foreclosures and auctions.

Visit the County’s Websites:

• Wake County Foreclosures Information
• Wake County Tax Administration
• Wake County Main Site

Check the Auction Site: Auctions are conducted by the Sheriff’s Office inside the Salisbury Street entrance of the Wake County Courthouse. Notice of the sale is advertised in The News & Observer and posted on the courthouse bulletin board 20 days prior to the auction.

Prepare for the Auction:

Auctions typically occur about four months after the court dockets a judgment.

You must provide a 10% cash deposit of the winning bid at the auction.

Prepare for upset bids. Successful bids are open for a 10-day period to allow for upset bids, which must be at least 5% higher than the original bid or $750, whichever is greater. Make upset bids with the Clerk of the Superior Court.

Contact the County Office: For further details or questions, you can reach out via email at [email protected] or by phone at 919-856-5400.

Important Details

Detail	Information
Tax Sale Type	Tax Deed Sale
Typical Sale Date	No typical date; sales are advertised 20 days prior
Bid Procedure	Premium Bid Method
Deposit	10% of the winning bid
Auction Site	Salisbury Street entrance of the Wake County Courthouse
Contact	Tax Administration, 919-856-5400, Email
County Website	Wake County Government

Why Wake County is a Top Choice for Tax Deed Investors

• Great Investment Potential
  Wake County has a strong economy and is home to one of North Carolina’s fastest-growing cities, Raleigh. As a result, real estate in the area can see considerable appreciation. This makes tax deed sales in the county a great way to tap into the region’s thriving property market at a steep discount.
• Accessible Information and Resources
  The Wake County Tax Administration helps you get started by providing comprehensive resources. They include detailed property listings and auction process guidelines.

Pro Tips for Success in Wake County Tax Deed Auctions

1. Do Your Research
   Before attending an auction, research each property thoroughly. Check for any liens, legal issues, or damages that could affect your investment.
2. Understand the Rules
   Make sure you understand the upset bid process and the deposit requirements before attending an auction.
3. Know the Market
   Get a feel for property values in the area so you can gauge whether you’re getting a good deal or not.
4. Prepare for Upset Bids
   Have a backup plan in case someone outbids you during the upset bid period. You may need to increase your bid or walk away.

Useful Links

• Wake County Foreclosure Process
• Real Estate Tax Bill & Payment Files
• Tax Administration Portal
• 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’re interested in investing in tax deeds in Wake County, feel free to reach out. We’re here to help you navigate the process. Check our free resources or book a call with us for personalized guidance!

This guide provides a comprehensive overview of how to take advantage of Wake County’s tax deed sales, helping you make informed investment decisions.

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About Dustin Hahn

Dustin Hahn is a Tax Lien & Deed investor with over 22 years of experience and hundreds of deals under his belt. He created Tax Lien School.com to help you buy Tax Deeds up to 90% off mortgage free and earn up to 36% ROI with Tax Liens. This site was voted the “Most Useful Resource” for new investors. Dustin’s YouTube Channel is the #1 Channel on Tax Liens & Deeds with over 98,000 Subscribers and 3600 videos to help you start. “The Best Time To Start Real Estate Investing Was 20 Years Ago, The Second Best Time Is TODAY!”

20+yrs

5–10deals/mo

2009TLS founded