tax sale

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Tax Sale

The sale of real estate in order to pay back taxes. In a tax sale, the taxing authority seizes the property for non-payment and then conducts the sale, generally selling to the highest bidder. For example, the IRS may hold a tax sale of a person's house for chronic non-payment of income taxes.
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tax sale

A public sale because of unpaid property taxes.In most jurisdictions, the successful purchaser receives only a tax certificate, which will entitle the purchaser to ask for a tax deed after the passage of the time period specified in that state.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
While Angles initially upheld McEvoy's decision to ban the Yoests from the tax sales, the Western District Court of Appeals overturned it in an October 2017 ruling.
When that happens, the investor who bought the property at the tax sale will receive his or her money back, plus interest.
The money collected from the tax sales goes to the government taxing bodies that have been shorted by the delinquent bill payments.
In this article we analyze the behavior of tax sale buyers using data from the 1987 tax sale in Indianapolis, Marion County, Indiana.
Bid4Assets has conducted online tax sales for over 75 counties and cities nationwide, including counties in California, Washington, Virginia, Idaho, Michigan, Nevada and Missouri.
The court then noted the absence of evidence or findings as to Lowe's competency in 1993, when the tax sale occurred, and, further, noted that Lowe was given proper notice of the tax sale and her right to redeem the property.
The replay to this teleseminar, "Online Tax Sales Happening Now," is available until June 15.
Shelby County Tennessee is the first county in TN to have an online tax sale and the only county that has a redeemable tax sale online.
The Arizona tax sales are over, and it wasn't a pretty sight, many of the good liens were bid at rates of less than 5% interest.
This tool is a better way to get the tax sale list and all the information from the county that is needed to filter the tax sale list, doing due diligence on the properties that are in the tax sale, and find the best deals to bid on.
The book also includes links to resources for finding the best place to invest, getting the tax sale information, evaluating tax sale properties, protecting your investment, assisted investing, secondary tax liens, and more.