A SMART Investment Opportunity! – Pitt County – North Carolina Tax Deed Investing

Unlock Pitt County, North Carolina’s real estate market at Tax Foreclosure Sales, where properties are auctioned off due to unpaid taxes. Here’s everything you need to know about making a smart investment in Pitt County:

Are you looking for a unique investment opportunity with potentially high returns? Consider tax deed investing in Pitt County, North Carolina. Tax foreclosure sales in Pitt County offer a way to acquire properties at a lower cost compared to traditional real estate markets.

Understanding Tax Lien Certificates and Tax Deeds

Tax foreclosure sales occur when property owners fail to pay their property taxes. The county auctions these properties to recover the owed taxes. If you win the auction, you get the property, provided no one outbids you during the upset bid period. Here’s how it works:

  • Auction Participation: Attend the auction at the Pitt County Courthouse.
  • Winning the Bid: Place the highest bid and pay a 10% deposit immediately.
  • Final Sale: If there are no higher bids within 10 days, complete the payment, and the property is yours.

Important Details

DetailInformation
Tax Sale TypeTax Foreclosure Sale
Typical Date of SaleNo specific date
Bid ProcedurePremium Bid
Deposit10% immediately after winning the bid
Sale ContactTax Administration
Auction SitePitt County Courthouse
County WebsitePitt County Official Website
Pitt County North Carolina Courthouse

Steps to Start Tax Deed Investing in Pitt County

  1. Research and Understand Local Laws: It’s crucial to know the legal framework and specific regulations in Pitt County.
  2. Visit the Local Treasurer’s Website: For up-to-date tax sale information, visit the Pitt County Tax Administration site.
  3. Check the Auction Site: Auctions are held at the County Courthouse.
  4. Read the Details About Tax Deeds: Understand the sale schedule and investigate properties before bidding.
  5. Contact the County Office: For more details, reach out to the County Tax Collector’s Office.

Pro Tips

  • Do Your Homework: Research the properties thoroughly before the auction.
  • Understand the Risks: Remember, all sales are final, and properties are sold ‘as is.’
  • Prepare for Upset Bids: Be ready for the 10-day upset bid period, where someone can outbid you by at least 5% or $750.

FAQs

  1. What is a tax foreclosure sale?

    A tax foreclosure sale is an auction of properties due to unpaid property taxes. The county sells these properties to recover the owed taxes.
  2. How can I participate in a tax foreclosure auction in Pitt County?

    Attend the auction at the Pitt County Courthouse, place the highest bid, and pay a 10% deposit immediately.
  3. What happens if someone places an upset bid?

    If someone places an upset bid within 10 days, the property will be re-auctioned with the new higher bid. You will have the opportunity to outbid again.

Useful Links

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If you need assistance or more detailed guidance on tax lien investing, don’t hesitate to reach out. You can book a call with an expert or access our free resources for more information​.

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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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