Wednesday, 05 August 2009 00:00
Tax Deed Investing - Case Study (Arkansas)Written by Eddie Stewart
If you’re a member of No Risk Investor then you have probably noticed that we have many tax deed properties available in Arkansas. Arkansas is a great place to invest in real estate, especially if it is a tax deed. One thing that is unique about Arkansas is that you can bid by mail. Most tax deed states require that the investor be present at tax deed auctions to make a valid bid. Arkansas allows for absent bidding which means you make a written bid and mail it to the county or official that will be hosting the tax deed sale. The bidding begins at approximately 20% of the appraised value of the property plus the back taxes and fees. The previous property owner then has a 30 day period of redemption after the tax deed sales. If the property owner redeems during that 30 day period then the investor receives their money back. If the property owner does not redeem then the investor receives a limited warranty deed. Any properties that are not sold at the auction are offered for sale 90 days after the original tax deed auction. The properties are distributed into three categories as follows: S-2 Land Sales - Less than one year has passed since first offered at the tax deed auction. S-3 Land Sales - More than one year has elapsed since first offered at tax deed auction. S-4 Land Sales - More than two years have elapsed since first offered at tax deed auction. Because these properties have been in county inventory for such a long time the county often negotiates their sale with tax deed investors. The county tax deed lists are available through the Commissioner of State Lands for free. The brochure lists the available tax deeds along with the minimum bid. So if you want to bid by mail you have one chance to make a winning bid. Make sure to bid wisely without bidding away your return. Arkansas, similar to California, has a litigation period of two years where the property owner can challenge the sale of their property through the court system. No Risk Investor is the ultimate resource and tool for tax liens, deed, and real estate investors all over the world. No Risk Investor takes incredible pride in its ability to help students take action, get into properties, and begin the journey to financial freedom. No Risk Investor provides county lists, property lists, online auction lists, comprehensive training and education, an auction calendar, and online auction center, an investor community and much more for its members.Last modified on Wednesday, 07 July 2010 12:28
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Published in Tax Deed Investing