Up for auction is a Real Property Tax Lien, also known as a tax lien certificate. The property is not for auction, only the tax lien certificate is.
As of February of 2024 the tax lien certificate has a Redemptive Value of $2,117.91
The interest rate is 5%.
Many investors purchase real property tax liens to foreclose on the property owner and/or interest holder and upon no-redemption, obtain a final judgement and consequently a deed to the property.
If the property owner and/or interest holders redeems the property taxes you will receive a redemption check for the whole redemptive value directly from the Maricopa County Treasurer’s office.
Details of the auction
The tax lien certificate is on:
Single Family Residence
Address:
2315 W Acoma Dr, Phoenix, AZ 85023
Parcel Number:
208-15-851
ADDITIONAL INFORMATION
Is this tax lien eligible for foreclosure?
Seller is auctioning the 2022 tax lien. In Maricopa County, a 2022 tax lien would be eligible for foreclosure in 2027
How is the tax lien foreclosure process?
The tax lien foreclosure process is a judicial process. It is highly recommended that you hire an experienced tax lien attorney to go through the process.
What is a real property tax lien also know as a tax lien certificate?
A tax lien certificate is a certificate of claim against a property that has a lien placed upon it as a result of unpaid property taxes. Tax Lien Certificates are usually sold at auction.
Can tax lien investors sell or assign their tax lien certificate?
Yes, tax lien investors can sell or assign their tax lien certificate. The seller of this tax lien will guide the winning bidder on the sale process.
What happens if the tax lien is redeemed?
If the tax lien is redeemed by the property owner and/or interest holder during the transfer period from when the winning bidder wins this auction and when the tax lien is actually transferred from the seller of the tax lien to the winning bidder with the county treasurer. The seller of the tax lien will refund the value of the tax lien to the winning bidder minus the transfer fee and minus the auction premium. Once the tax lien certificate transfer from seller to winning bidder has been assigned by Maricopa County Treasurer there will be no refunds at all as all auction sales are final.
How is the Transfer/Sale of the tax lien process?
Winning bidder will need to register as a tax lien investor with Maricopa County. This has to be done as without the winning bidder being registered with the County, the tax lien will not be able to be transferred. Upon request, seller can provide easy steps to follow. If the buyer of the tax lien does not register as a tax lien investor with Maricopa County within 30 calendar days, and in the event of a redemption by the property owner and/or interest holder, only the redemptive value (according to the treasurer’s office) of tax lien will be reimbursed to the buyer. The difference between what is paid for the tax lien and the redemptive value of the tax lien (according to the treasurer’s office) will be kept by seller as liquidated damages. Thus, if buyer is not already registered, as a tax lien investor with Maricopa County, seller urges, buyer to start the registration process as soon as possible. Seller can provide easy to follow instructions of how to become a tax lien investor in Maricopa County. Buyer will need a U.S. Tax ID Number and will fill out a W-9 to receive ownership of this tax lien.
More Auction Information:
Buyer’s bidding on this tax lien implies that Buyer has completed their due diligence, is satisfied with their findings and is ready to purchase and pay for this real estate tax lien as agreed herein. As such, Buyer shall ask Seller any and all questions prior to bidding and not wait until after they win this auction to start asking questions related to this purchase of a real estate tax lien. Buyer accepts full risk and responsibility for purchasing this tax lien, understanding that there are no guarantees being made, and that they may lose most or all of their investment. Buyer understands that they are bidding on a tax lien and not on the deed to the property. Buyer understands that there are no refunds at any time. Buyer’s bidding on this tax lien implies that they agree to abide by the terms of this auction.
Buyer’s Premium: This auction is subject to a 10% buyer’s premium with a minimum of $100.
Payment/Transfer Fee:
A Transfer Fee of $150.00 will be added to the Winning Bid. Payment is due within 4 days from the conclusion of this auction/sale. Payment is to be made by Buyer to Seller via a Bank Wire or Certified Check. Once payment is made to seller there are no refunds. Once Buyer’s total payment amount has been received by Seller, Buyer will receive a copy of the tax lien certificate transfer documents.
Disclosure: The information in this listing is correct to the best of seller’s knowledge. Seller has not been to this property and only owns the tax lien certificate on it. Seller is not affiliated with Maricopa County