How to Bid on Tax Lien Certificates in Pennsylvania
Pennsylvania is a tax deed state. Instead of selling tax liens on properties that have past due taxes, the deeds to the properties are sold at auction instead. A tax lien is essentially a loan an investor extends to the property owner, and he expects to be paid back with interest within two to three years. A tax deed actually gives full ownership of the property to the investor instead, often for just the cost of the past due taxes.
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Instructions
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Visit the website of the Pennsylvania county in which you are interesting buying tax deeds from to determine when the tax auction property listings are published. Counties publish the list of properties to be sold at auction via local newspapers and sometimes on the sheriff's office website.
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Purchase the newspaper on the dates the tax deed lists are released, or download the current tax sale list from the county or sheriff's office website.
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Visit and review each property in which you are interested to determine whether it is worthy of your investment purposes.
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Register for the tax auction as instructed by the county in which you plan to purchase tax deed properties. Depending upon the county, you may also be required to place a minimum deposit for the auction.
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Attend the auction at the designated time and place, and bid on the properties for which you want the deeds. Property bidding normally covers three years worth of taxes plus any fines, fees or advertising costs.
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References
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