What is the bidding process?

Currently, bidding starts with the lien amount due at the time of the Tax Certificate Sale. The lien amount is the sum of delinquent amounts owed to the municipality plus expenses incurred in making the sale. The Tax Certificate Sale lien is awarded to the highest bidder.

The full bid value is paid when the foreclosure is complete. As a general rule, on the date of the auction, the only amount that is paid is the lien amount plus any applicable high bid premium.

Many counties now use the high bid premium method for the bidding process. Some counties bundle properties in groups and do not offer individual liens for sale. The advertisement for the sale usually specifies the method that the respective county will use. Call the county tax sale office and find out.

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