40-90% Off! Tax Sale Treasures – Onslow County – North Carolina Tax Deed Investing

Are you looking to break into real estate at a bargain price? Check out Onslow County, North Carolina’s Tax Foreclosure Sales. You could land a property for 40 to 90% below its market value. Here’s how:

Understanding Tax Foreclosure Sales

Once taxes are overdue, Onslow County auctions off properties. Auctions aren’t on a fixed schedule, so stay tuned to The Jacksonville Daily News for auction dates. They’re held at the Onslow County courthouse in Jacksonville right at noon.

Basics of the Auction:

  • Highest Bidder Wins: To win, you must be the highest bidder and put down a 20% deposit immediately.
  • Upset Bid Period: After the auction, there’s a 10-day upset bid period where someone can outbid you by at least 5% or $750.
  • As-Is Sales: All sales are as-is, meaning no guarantees on the property’s condition or title clarity.

Steps to Start Tax Deed Investing

Research and Understand Local Laws:

It’s crucial to know the legal framework in your target area.

Key regulations to consider are the auction procedures and property redemption periods.

Visit the Local Treasurer’s Website:

Visit the Onslow County Foreclosures Page and the Onslow County Tax Office for detailed information.

Here, you can find information on upcoming auctions, sale schedules, and parcel inquiries.

Check the Auction Site:

Stay updated by regularly checking the county auction site.

Read the Details About Tax Deeds:

Understand the sale schedule, parcel inquiries, and other essential details before participating in an auction.

Contact the County Office:

For any additional inquiries, contact the Onslow County Tax Office at (910) 989-3000.

Onslow County Courthouse North Carolina

Important Details

DetailInformation
Tax Sale TypeTax Deed Sale
Typical Date of SaleNo fixed schedule; check local announcements
Bid ProcedurePremium bid
Deposit20% of the winning bid
Sale ContactOnslow County Tax Office
Auction SiteOnslow County Auctions

Pro Tips

  • Due Diligence: Before bidding, thoroughly inspect the property and verify its legal status.
  • Budget Wisely: Ensure you have enough funds to cover the deposit and any additional costs like recording fees and revenue stamps.
  • Stay Informed: Keep an eye on local newspapers like The Jacksonville Daily News for auction announcements.

FAQs

Q: What happens if someone outbids me during the upset bid period?

A: If someone places an upset bid, you can increase your bid or let the other bidder take the property.

Q: Are there any guarantees on the properties?

A: No, all properties are sold as-is without any guarantees on their condition or title.

Q: How can I stay updated on auction dates?

A: Regularly check the Onslow County website and local newspapers for updates on auction dates and properties available.

Need a Hand?

Feel free to book a call or access free resources if you need assistance and guidance with tax lien investing. For more detailed information on foreclosure listings and tax sale properties in Onslow County, you can visit the official Onslow County websites.

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Learn how to get 18-36% returns on your investment and buy property for as little as $500 with tax lien and tax deeds.

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