Random Selection of Winners in Tax Lien Auctions
June 14, 2018
Purchasing Tax Lien Home from Family or Friend
June 16, 2018
If you are in Maryland, the bidding system for tax lien auctions is different from the other states. In Maryland, the counties have premium bidding. However, there is no need to pay for the whole premium at the tax sale. You only pay for the amount of the tax lien certificate as well as a portion of the premium, which is called high bid premium.
High bid premium is forty percent of the property value, and a difference of twenty percent between the bid amount. So, if you are going to bid for a tax lien property with a value that is less than forty percent, then you do not need to pay for any of the premium. But, if you foreclose on the tax lien property, then that is the time to pay all premiums.
Michael Schuett
Michael Schuett is a Real Estate Investor & Entrepreneur.
He holds monthly seminars in South East Asia and Europe about Real Estate Investments, Tax Deeds Investing, and Flipping in Emerging Markets and continues to build his own strong Real Estate Portfolio in various cities.
His companies are currently holding several properties in Miami, Tampa, Berlin, Hamburg, Bangkok and Kuala Lumpur and have successfully established the first Real Estate Development agency in Thailand.
