Invest Online for an 8% Return – Prince George’s County – Maryland Tax Lien Investing
Discover the opportunity to earn an 8% return through Prince George’s County, Maryland’s tax lien certificate auction. This auction is an internet-based, sealed bid process that is open to everyone, making it a straightforward way to get into real estate investment without needing to live in Maryland.
Overview of the Auction Process
The tax lien auction in Prince George’s County is designed for ease of participation:
Registration: Register online by visiting the Prince George’s County Tax Sale website. You’ll need to pay a $150 registration fee and a $1,000 deposit, which goes toward your purchases or is refunded if no certificates are awarded.
Bid Submission: Bids can be submitted over a period of time, with certificates awarded to the highest bidders.
Payment: Successful bidders must pay the total amount due via wire transfer or cashier’s check by 3:00 p.m. the day after the auction. Bidders must complete IRS Form W-9 and an Authorization for Electronic Funds Disbursement.
Important Auction Details
Bid Procedure: Sealed bid with high bid premium, where the highest bid wins.
High Bid Premium: A premium is 20% of the amount by which your bid exceeds 40% of the property’s assessed value. The county refunds this premium upon property redemption or when it delivers a tax sale deed.
Assignment Tax Sale Certificates
For properties that remain unsold after the auction, Assignment Tax Sale certificates are available for purchase starting June 10, 2024. These can be acquired directly by emailing TAXSALE@CO.PG.MD.US with the parcel number, owner’s name, and tax amount.
If you need further assistance or guidance with tax lien investing, feel free to reach out for support orbook a call. You can also access free resources.
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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
Prince George’s County
Invest Online for an 8% Return – Prince George’s County – Maryland Tax Lien Investing
Discover the opportunity to earn an 8% return through Prince George’s County, Maryland’s tax lien certificate auction. This auction is an internet-based, sealed bid process that is open to everyone, making it a straightforward way to get into real estate investment without needing to live in Maryland.
Overview of the Auction Process
The tax lien auction in Prince George’s County is designed for ease of participation:
Important Auction Details
Assignment Tax Sale Certificates
For properties that remain unsold after the auction, Assignment Tax Sale certificates are available for purchase starting June 10, 2024. These can be acquired directly by emailing TAXSALE@CO.PG.MD.US with the parcel number, owner’s name, and tax amount.
Key Details and Links
Steps to Get Started
Pro Tips
FAQs
Q: Can I participate if I don’t live in Maryland?
A: Yes, the auction is open to all, regardless of residency.
Q: What happens if I don’t pay for my winning bid?
A: The system will not award you any certificates and may bar you from future sales.
How do I redeem a property?
A: The current owner can redeem the property anytime until foreclosure by paying the taxes owed.
Useful Links
Need a Hand?
If you need further assistance or guidance with tax lien investing, feel free to reach out for support or book a call. You can also access free resources.
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.