If I buy a cert for year 2008 taxes and a cert was issued for year 2007 taxes, what happens if I try to foreclose? The property is located in Florida.
If I buy a cert for year 2008 taxes and a cert was issued for year 2007 taxes, what happens if I try to foreclose? The property is located in Florida…
Good question…here is the answer…at the end of 2009, your certificate will have only been delinquent for 1 year…in FL, a tax lien must be delinquent for a minimum of 22 months before the cert. owner can foreclose or “begin the tax deed application.” …this means that in FL…the cert. holder who almost always gets to foreclose on the property is the first year holder…they are required to have both certs. before the “clerk of Circuit Court” will bring it to auction at a Tax Deed sale. they still have to pay you cert. amount plus int…and you must relinguish it to them…1st year holder is in more powerful position.
I enjoyed answering that for you…if you have anymore please post, will be happy to help…Good Luck!