How to Secure 20% Yearly Earnings from Montgomery County’s Tax Sale

If you’re looking for a solid investment opportunity, Montgomery County, Maryland’s tax lien sale offers a chance to earn up to 20% annual returns. Held on the second Monday in June each year, this event allows savvy investors to bid on property tax liens, potentially leading to significant gains.

Important Details About Montgomery County Tax Lien Sale

Here’s a quick look at the crucial information you need:

Detail	Information
Tax Sale Type	Tax Lien Sale
Date of Sale	Second Monday in June
Redemption Period	Two years
Interest Rate	20% per annum
Bid Procedure	Sealed bid process
Auction Site	27 Courthouse Square, Suite 200, Rockville, Maryland 20850
Payment Method	Electronic funds transfer
County Website	Montgomery County Department of Finance
Tax Sale Info Links	Tax Sale General Information
Bid Submission Link	Submit Bid

Understanding Tax Lien Certificates

Tax lien certificates represent a lien on a property due to unpaid property taxes. When you purchase a tax lien certificate, you’re essentially paying the outstanding taxes on behalf of the property owner. If the owner redeems the property, they must pay you the amount you paid plus interest, which can be up to 20% in Montgomery County.

If the owner does not redeem the property within two years, you may initiate foreclosure proceedings, potentially acquiring the property at a fraction of its market value.

Steps to Start Tax Lien Investing

Research and Understand Local Laws

It’s crucial to understand the legal framework governing tax lien sales in your target area. In Montgomery County, the process is guided by Maryland State law.

Visit the Local Treasurer’s Website

Check out the Montgomery County Department of Finance website for detailed tax sale information and auction schedules.

Check the Auction Site

Visit the auction site or contact the Department of Finance to get specifics about the auction process and rules.

Read the Details About Tax Liens

Understand the sale schedule, parcel inquiries, and other essential details to make informed bids.

Contact the County Office

For additional inquiries, contact the Montgomery County Department of Finance or use their customer service number (MC311).

Important Details

• Tax Sale Type: Tax Lien Certificates
• Typical Sale Date: Second Monday in June
• Redemption Period: Two years
• Interest Rate: 20% per annum
• Bid Procedure: Sealed bid process
• Payment Method: Electronic funds transfer
• Auction Site: 27 Courthouse Square, Suite 200, Rockville, Maryland 20850

Pro Tips

• Prepare Early: Submit your bids early in the day to avoid any last-minute issues.
• Multiple Bids: You can bid on individual properties or groups of properties. Bids on entire groups are given priority.
• Documentation: Ensure all required documentation is accurate and complete to avoid bid rejection.

Frequently Asked Questions

Q: What is a tax lien sale?
A: A tax lien sale is an auction where the county sells liens on properties with unpaid taxes to the highest bidder. The purchaser pays the outstanding taxes and earns interest if the lien is redeemed.

Q: When is the Montgomery County tax lien sale?
A: The sale is held annually on the second Monday in June.

Q: How do I redeem a tax lien?
A: Property owners can redeem the lien by paying the sale amount plus interest and any additional fees. Redemption must occur within two years from the sale date.

For more information, you can visit the Montgomery County Department of Finance website​.

Useful Links

• Montgomery County Department of Finance website
• Tax Sale General Information
• Submit Bid
• Earn Solid 6-20% ROI In Maryland Tax Liens!
• Learn How Does Tax Lien Investing Work
• Want to get started with Tax Liens? Click Here!
• Start investing in Tax Liens in Maryland Tax Lien Auctions and earn a 6-20% return on investment!

Need a Hand?

If you need further assistance with tax lien investing, consider booking a call or accessing free resources for more guidance. Feel free to leave comments or questions below!

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