Wicomico County
Get Ready for Wicomico County Maryland’s Tax Lien Sale
Join Wicomico County’s tax lien sale this June for a chance to earn an 8% annual return. By simply registering and bidding, you could either earn interest or end up owning a property. Here’s all you need to know:
Wicomico County Overview
Wicomico County, located in southeastern Maryland on the Delmarva Peninsula, is known for its rich history and vibrant community. The county seat, Salisbury, is a hub for local government and community activities.
How It Works
- Registration: The sale is open to everyone, but pre-registration is highly recommended to avoid delays. Forms can be filled out in advance on the Wicomico County website.
- Eligibility: Property owners with delinquent taxes cannot bid.
- Bidding: Bidders cover immediate costs, with the balance due after the redemption period ends.
- Winning: Winners get a Certificate of Sale. Most tax lien certificates are historically redeemed by property owners, but if not, the certificate holder can foreclose, although foreclosure costs are borne by the purchaser.
Property Details
- The county sells properties “as is” without guaranteeing their condition or title. It’s important to do thorough research and consider seeking legal advice before bidding.
Table: Key Tax Sale Details
| Detail | Information |
|---|---|
| Tax Sale Type | Tax Lien Certificates |
| Typical Sale Date | June |
| Redemption Period | Until foreclosure by the certificate holder |
| Interest Rate | 8% |
| Bid Procedure | Highest bidder wins |
| Payment Method | Cash or check (no debit/credit cards 5 days before) |
| Sale Contact | Wicomico County Finance Department |
| Auction Site | Wicomico Civic Center |
| County Website | Wicomico County Official Website |
Facts
- County Seat: Salisbury
- Population: 103,588 (as of the 2020 census)
- Named for: The Algonquian name “Wicomico” means “a place where houses are built.”
Tips for Successful Bidding
Research Thoroughly: Understand the properties and their conditions.
Pre-register: Save time and avoid delays on auction day.
Consult Legal Advice: Stay well informed about the legal implications of tax lien investing.
Useful Links
- Wicomico County Tax Sale Information
- Wicomico County Finance Department
- Wicomico County Official Website
- Wicomico Civic Center
- Earn Solid 6-20% ROI In Maryland Tax Liens!
- Learn How Does Tax Lien Investing Work
- Want to get started with Tax Liens? Click Here!
- Start investing in Tax Liens in Maryland Tax Lien Auctions and earn a 6-20% return on investment!
Frequently Asked Questions (FAQs)
Who can participate in the tax lien sale?
The sale is open to the public, but property owners with delinquent taxes cannot bid.
What happens if I win the bid?
You must pay the full amount of taxes, charges, interest, and penalties due on the day of the sale. You’ll receive a Certificate of Sale.
Can I pay with a credit or debit card?
You cannot use credit or debit cards within 5 days before the sale. Pay by cash or check instead.
What is the redemption period?
The property owner can redeem the tax lien until the certificate holder forecloses on the property.
Are there any guarantees on the properties?
The county sells properties “as is” without guaranteeing their condition or title.
By participating in Wicomico County’s tax lien sale, you could achieve significant returns on your investment. For more detailed information, visit the Wicomico County :
Need A Hand?
For any additional questions, contact the Wicomico County Finance Department. If you need help navigating tax lien investing, we’re here to support you! Book a call for expert advice. We’re happy to assist!
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