HOW TO STOP A TAX DEED SALE IN FLORIDA
Find out how to stop a tax deed sale in Florida. Is there anything a property owner can do to keep their home from being auctioned off for unpaid back taxes? Can you change this?
Ted Thomas reveals what he’s seen occur at Florida tax deed sales.
Today I’ll explain how to stop a tax deed sale in Florida.
I’m Ted Thomas. If you’re wondering if I’m qualified to answer that question, I’ll tell you, I’ve been around the tax deed sale business for over thirty years.
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HOW TO STOP A TAX DEED SALE IN FLORIDA
PROPERTY TAX
The tax deed sale is a public auction, where the county sells property seized for nonpayment of property taxes to the highest bidder. Sometimes these auctions are even conducted on the courthouse steps.
It’s normally an oral bid auction, though today many of those auctions are online. The highest bidder takes home the tax deed.
What’s going on here? The county has confiscated property and deleted the mortgage and other liens that may have been attached to the property. Why is this happening?
In all the states, the legislature makes laws called statutes. The government has rules, and the rules need to be followed by the local counties, as well as investors.
One of the rules is, if you own property, you’re required to pay property tax.
HOW TO STOP A TAX DEED SALE IN FLORIDA
DUE PROCESS
The legislature authorizes the county treasurer to levy taxes on the property, collect the taxes, and if the taxes are unpaid, the treasurer is mandated by law to confiscate the property and then sell the property at auction.
Written notices are required by law, which is called due process. Sometimes the notices are even delivered by the local sheriff’s deputies. This is to ensure that tax delinquent property owners are properly notified.
The treasurer will also post notices on the property and advertise in the local newspaper. Trust me, the treasurer will issue many notices, all of which can be seen at the county records.
HOW TO STOP A TAX DEED SALE IN FLORIDA
PAYING BACK TAXES
This is how to stop a tax deed sale in Florida. The simple answer is, by paying the taxes, you stop the sale.
Paying the treasurer the delinquent back taxes and any late fees or expenses would stop the auction.
Tax sales can easily be stopped by property owners. Just pay the delinquent taxes and penalties.
Tax sale auctions can also be stopped by a banker who is responsible for a loan which is recorded on the property. All the banker has to do is step forward and pay the property tax, and that payment stops the auction.
HOW TO STOP A TAX DEED SALE IN FLORIDA
THE TAX COLLECTOR
The treasurer of the county is acting as a tax collector and simply wants the tax money, which is delinquent and past due. The lien will be released at the auction and will stop once the property taxes are paid. It’s as simple as that.
The treasurer does not want the property; the treasurer would prefer to have the money from the overdue taxes.
The treasurer has the power to stop the auction in progress and take payments.
HOW TO STOP THE FLORIDA TAX FORECLOSURE PROCESS
Auction rules and the Florida tax deed statute will tell you otherwise. However, I’ve stood in many auctions and watched someone run from the back of the room, screaming, “Stop, please stop. I have the money. Here is a bank check.”
This is heartbreaking to watch, take my word for it. Not many people, the treasurer and oral bidders want to see that desperate property owner trying to pay tax. The law is the law.
The reality is the treasurer is an elected official who lives in the same community, and they are elected every few years. They will stop the sale and take the payment!
Fortunately, we have a happy ending. However, it’s not always a happy ending for the property owner when that’s the case.
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TAKEAWAY
We hope you enjoyed Ted’s lesson, “How to Stop a Tax Deed Sale in Florida.”
In tax deed states, when counties seize properties for nonpayment of property taxes, those properties are sold at auction to the highest bidder.
The tax delinquent property owner may decide to make a last minute attempt to retain the property by actually showing up at the auction with a cashier’s check for the amount of the back taxes plus penalties.
Despite what the auction rules or statutes say, Ted has seen treasurers allow the property owner to pay the taxes and stop the property from being auctioned at the tax sale.
Also, bankers responsible for the loan on a property will sometimes pay at the last minute to keep from losing their collateral.
If you’d like to know more about tax delinquent property and how to profit from bargain real estate, there’s no one more qualified to teach you than Ted Thomas, America’s leading authority on tax lien certificates and tax defaulted property investing.
Ted Thomas is the only one who provides full support and complete training with home study courses, Q&A webinars, live tutorials, workshops & web classes, and personal coaching.
Get started today at no cost with Ted’s FREE Master Class. It’s only about 1 hour of streaming video and will reveal the incredible opportunities available in tax defaulted real estate and how you can make life-changing profits!
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