Harford County
Unlock a 12% Yearly Profit at Harford County’s Tax Lien Sale
Investing in tax liens in Harford County, Maryland, offers a great opportunity for a 12% annual return. Here’s a step-by-step guide to help you navigate the process and get started.
How It Works
When you bid at the Harford County tax lien sale, you start with the amount owed in taxes, interest, penalties, and sale-related expenses. If you win, you receive a tax sale certificate, which is valid for two years or until the property is redeemed by the owner.
To redeem the property, the owner must pay the sale price plus any additional taxes, interest, penalties, and foreclosure preparation expenses. If the owner doesn’t redeem the property, you, the investor, can initiate foreclosure after six months, which solidifies your claim to the property.
Registration and Requirements
Interested in joining the auction? Here’s what you need to know:
- Registration: All bidders must register online, with registration opening in the spring. You can find more details on the Harford County Auction Site.
- Entity Bidders: Ensure your corporate paperwork is in order, including proof of good standing and agent authorization. Your tax ID is required for processing.
Key Details
| Details | Information |
|---|---|
| Tax Sale Type | Tax Lien Certificates |
| Typical Date of Sale | Every June |
| Redemption Period | 6 months to 2 years |
| Interest Rate | 12% annual interest |
| Bid Procedure | Premium bid |
| Deposit | Full payment is required on the day of the sale |
| Sale Contact | Harford County Treasury Department |
Fun Fact
Did you know that Harford County was the site of the signing of the “Bush Declaration” in 1775, considered one of America’s earliest declarations of independence? This rich history makes the area not just a place of investment opportunity but also a treasure trove of historical significance.
Harford County showcases its historical roots and scenic beauty with attractions like Susquehanna State Park, the Chesapeake Bay coastline, and charming small towns that highlight its deep colonial heritage. So while you’re eyeing those tax lien investments, you might just find yourself falling in love with the area’s timeless charm.
Pro Tips
- Due Diligence: Research properties thoroughly before bidding to understand any risks involved.
- Timely Payments: Make all payments promptly to avoid penalties or losing your investment.
- Stay Informed: Regularly check the county’s tax sale website for updates on procedures and dates.
FAQs
Q: What happens if the property owner doesn’t pay?
A: If the property owner doesn’t redeem the property within the stipulated time, you can start foreclosure proceedings six months after the sale.
Q: How can I register for the auction?
A: Register online through the Harford County auction site, where you can find full instructions available each spring.
Q: What documents are required for entity bidders?
A: Entity bidders need to provide proof of good standing, agent authorization, and a tax ID.
Useful Links
- Harford County Tax Sale Information
- Harford County Treasury Department
- Harford County Auction Site
- Harford County Official Website
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Need a Hand?
If you need more guidance on tax lien investing or have any questions, feel free to reach out. You can book a call and access free resources to help you get started. Don’t hesitate to contact us for further assistance.
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