Understanding The Process!...
Understanding How Florida Property Tax Certificates and Tax Deeds Work...
If you own a real estate property in Florida, you are required to pay property taxes each year. Taxes on all real estate and tangible personal property and other non-ad valorem assessments are billed, collected and distributed by the Tax Collector.
For those who are unable to pay the entire property tax bill in one lump sum, tax payment plans have been established by Florida Statutes.
Property taxes are normally due on November 1. If they go unpaid, they are considered delinquent on April 1 of the following year. At that point, local tax collectors will conduct what is known as a “tax certificate sale” on the following June 1.
A tax certificate is basically a lien against your property. The certificates themselves are sold at auction. The bidder must pay the delinquent taxes plus additional costs. The successful bidder is then the one who will demand the lowest interest rate on the certificate from the delinquent property owner. To redeem a tax certificate, the property owner must therefore pay the face amount–i.e., the unpaid taxes–plus the winning interest rate. This may sound confusing, but we will gladly explain it to you.
IMPORTANT CONSIDERATION: If the property owner does not redeem the tax certificate within two years, any certificate holder (bidder) from the delinquent tax years may initiate what is called a Tax Deed Application (for a foreclosure sale). This process begins once the application is filed with the Clerk of the Circuit Court in the county where the property is located. Once the application is filed, the Clerk will schedule and conduct a public auction of the property itself, not just the debt. This is the point at which the property enters a tax deed foreclosure status, and where the current property owner risks losing the property once ownership is transferred to the highest bidder, unless the delinquency is resolved in time and before the auction sale date.
HOWEVER! There is still HOPE! If you are able to repay the overdue balance within the period between the Tax Deed Application filing and the Foreclosure Sale Date, you will still have a chance to save your property from a devastating foreclosure. That’s where our assistance becomes invaluable!
And finally, my dear friend, our goal is to help you avoid losing your property to foreclosure, due to its devastating and long-lasting financial and life-altering impact, but even if you have already unfortunately lost the property, ASK US How we can still be of assistance after the foreclosure sale! So, do not DELAY! Call us TODAY! and let us help you get back on the right path to financial peace!
A tax certificate is basically a lien against your property. The certificates themselves are sold at auction. The bidder must pay the delinquent taxes plus additional costs. The successful bidder is then the one who will demand the lowest interest rate on the certificate from the delinquent property owner. To redeem a tax certificate, the property owner must therefore pay the face amount–i.e., the unpaid taxes–plus the winning interest rate. This may sound confusing, but we will gladly explain it to you.
IMPORTANT CONSIDERATION: If the property owner does not redeem the tax certificate within two years, any certificate holder (bidder) from the delinquent tax years may initiate what is called a Tax Deed Application (for a foreclosure sale). This process begins once the application is filed with the Clerk of the Circuit Court in the county where the property is located. Once the application is filed, the Clerk will schedule and conduct a public auction of the property itself, not just the debt. This is the point at which the property enters a tax deed foreclosure status, and where the current property owner risks losing the property once ownership is transferred to the highest bidder, unless the delinquency is resolved in time and before the auction sale date.
HOWEVER! There is still HOPE! If you are able to repay the overdue balance within the period between the Tax Deed Application filing and the Foreclosure Sale Date, you will still have a chance to save your property from a devastating foreclosure. That’s where our assistance becomes invaluable!
And finally, my dear friend, our goal is to help you avoid losing your property to foreclosure, due to its devastating and long-lasting financial and life-altering impact, but even if you have already unfortunately lost the property, ASK US How we can still be of assistance after the foreclosure sale! So, do not DELAY! Call us TODAY! and let us help you get back on the right path to financial peace!