Online tax sales auctions are a thing of the present and future. In the years past this was not something that was available to investors. Now more and more counties and states are seeing a greater result from a wider outreach through the internet by having online auctions. Most of the time when an investor decides to participate in an online auction, it is required to have what is called an ACH transfer funds account set up. This stands for "automated clearing house". The way that it works is the investor will set up the amount of 10% of the bidder's purchase they are planning on buying. So if you have a property that has a tax lien worth 1,000 dollars then you would put down a deposit of 100 dollars in order to bid on that property. The property then goes to the highest bidder and funds are collected at the time of bidding from the winner. If you are not the winning bidder then your funds are not collected and you will not have to spend any money. It also works the same for tax deeds. All of the online auction sites work this way.
There are several different auction sites that handle different parts of the country. Not all of the counties and states make this available so doing some research on our website will give you the information you need. Once you have obtained a list of properties from our website then you will be directed to the auction site, providing it is an online auction. This is such a great convenience for those of us who are afraid of the live auctions, can't leave their homes for various reasons, or would like to invest all over the country from their home.
I know a gentleman who is in a wheel chair and is still able to make the most of his investing opportunities via the internet and online auctions. This is great for those of us who are limited with our travel or just don't have the time to get around and would like to do it from the comfort of our own home. All of the states are covered on our website and when you go to the various states you will gain the information necessary for the type of auction that is being held in that particular state and county.
Published in
Tax Deed Investing
