|What is a Tax Deed Sale?
deed sale occurs when a governmental agency seizes property
for nonpayment of taxes. A tax deed sale is one of two
methods the government may use to recover unpaid real estate
taxes; the other being a tax lien sale.
At a tax deed sale, the minimum bid is
generally the amount of back taxes owed plus interest, as
well as costs associated with selling the property. After
the sale, title is transferred to the new owner by either a
Tax Deed or Sheriff's Deed. If the property is not purchased
at auction title may revert to the county government.