Invest Smart at Cecil County, Maryland’s Tax Lien Sale for a 12% Return

Are you looking for a smart investment opportunity with a solid return? Cecil County, Maryland, offers a tax lien sale where you can earn up to a 12% annual return on your investment. Let’s dive into how you can get involved and what you need to know.

Understanding the Process

Cecil County holds its tax lien sale online, closing on the first Monday in June. To participate, you must pre-register in mid-May and pay a $100 non-refundable fee. The auction operates on a high bid premium method, where bids start at the amount of delinquent taxes and associated charges. Winning bidders are those who offer the highest amount above this starting bid.

Earnings and Redemption

Investors earn interest at a rate of 1% per month, totalling 12% per year, from the date of the sale. Property owners have a redemption period during which they can repay the owed amount plus interest to reclaim their property. This period lasts at least six months and can extend up to two years. If the property is not redeemed within this timeframe, investors can initiate foreclosure proceedings to obtain ownership.

Important Considerations

• Foreclosure Timing: You can start foreclosure proceedings six months after the sale but must do so within two years.
• Reimbursable Expenses: After four months from the sale date, you may be reimbursed for certain expenses, such as attorney fees and title search costs, if the property is redeemed.
• Unsold Properties: Properties not sold at the auction are retained by the county and may be available for over-the-counter purchase by paying the delinquent amount.

Key Details in a Tabled Format

Detail	Information
Tax Sale Type	Tax Lien Certificates
Typical Sale Date	First Monday in June
Redemption Period	Until the court orders foreclosure (typically 4 months to 2 years)
Interest Rate	1% per month (12% per year)
Bid Procedure	Bid Premium method
Deposit	$100 non-refundable registration fee
Foreclosure Start	6 months after the sale
Reimbursable Expenses	Attorney fees, title search fees, and mailing costs
Sale Contact	Cecil County Finance Office, Phone: 410-996-5385, Email: tax@ccgov.org
Auction Site	RealAuction

Interesting Facts about Cecil County Real Estate

Cecil County, located on Maryland’s Eastern Shore, offers an excellent quality of life with its scenic landscapes and robust infrastructure. The county is known for its agricultural use and continues to thrive due to its strategic location, with easy access to Baltimore and Philadelphia. Cecil County features 200 miles of waterfront along the Chesapeake Bay, providing breathtaking views and numerous recreational opportunities.​

Useful Links

• Cecil County Tax Sale Information
• Cecil County Finance Department
• Cecil County Auction Site
• Earn Solid 6-20% ROI In Maryland Tax Liens!
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• Start investing in Tax Liens in Maryland Tax Lien Auctions and earn a 6-20% return on investment!

FAQs for Cecil County Tax Liens

What is the redemption period?

The redemption period lasts until a court orders foreclosure, which typically ranges from four months to two years.

How much is the interest rate?

The interest rate for Cecil County tax liens is 1% per month, equivalent to 12% annually.

What is the bid premium method?

The bid premium method means that if bids exceed 40% of the property’s full cash value, the excess amount (bid premium) is payable by the winning bidder​​.

For more detailed information, you can contact the Cecil County Finance Office or visit the RealAuction site to register and participate in the auction.

Need a Hand?

If you’re new to tax lien investing or need further guidance, feel free to reach out. We offer resources and assistance to help you navigate the process and make informed decisions. Engage with us by booking a call for personalized advice. Our free resources could be helpful as well. Happy investing!

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