County Property Auctions

County Property Auctions are held by many cities to recoup unpaid property taxes. At County Property Auctions , buyers can buy property cheap.
Properties sold at County Property Auctions are usually sold at a fraction of their market value.
Some counties have these Auctions on a monthly basis. Others have them on a yearly basis.
Lee County in South West Florida currently holds theirs every Tuesday.
Their address is 2480 Thompson Street, Fort Myers, FL 3390. Their Phone Numbers are:
Main Line: (239) 533-6100 Toll Free: (866) 673-2868
Lee County effective from April 5, 2010, has started an Online Foreclosure Auction.
Prospective bidders are responsible for conducting their own research regarding the property being sold.
You can also find County Property Auctions for any particular county by calling the City Hall of your interest.
Many bids start at what is owed in taxes. Also, most of the auctions are absolute auctions.
At an absolute auction, the property is sold for whatever the bid is.
There is no minimum for which the property must be sold.
Most properties are usually sold below their market value.
However, this is not always the case.
At times the bidding can be so competitive that bidders sometimes bid the prices up to market value and sometimes above.
It is important that you visit the property you are interested in before the auction date.
You should decide on the maximum amount you would bid and stick to it.
Leave all emotions out of all business dealing.

It is also important to talk to a title company in that county before engaging in buying property sold at County Property Auctions. The reason for this is that title requirements in certain city sales can require additional steps.
For instance, in Lee County, having bought a property at a County Property Auction, in order to get a clean and clear title, you may need to do what is called a Quiet Deed or Quiet Title.
A Quiet Title is an action brought in court to establish a party's title to real property against anyone and everyone, and thus "quiet" any challenges or claims to the title.
This can easily be done by a Title Company in that county for a stated fee. The Title company can provide all that information before you go to the bidding process. They also can tell you how long it will take.

Article Source: http://www.gamblingarticlessite.net

Similar information can be found on www.lehigh-acres-land.com/fl // Other interesting sites: www.tobagosite.com/Tobago-real-estate.html //

Please Rate this Article

5 out of 54 out of 53 out of 52 out of 51 out of 5 

Not yet Rated