Prince Georges County MD tax sale will be held online May 10, 2010. Their website for the Tax Auction is PrinceGeorgesCountyTaxSale.com. The site currently lists 5760 properties for their tax sale. The site also has all the information you need to bid including video tutorial.
Tax Sale Registration Deadline
If you want to bid you must register in advance. The deadline for registration is fast approaching. Registration is $150 must be completed by 4:30 pm April 30, 2010. There is still time because registration is online.
What is the Interest Rate on PG Tax Liens?
The interest rate is 20%. Wow I had no idea the interest rate on tax liens was so high in PG county. PG County uses the high bid premium method of bidding. This means you effective interest rate can be MUCH lower depending on your bid. make sure you know the rules before bidding.
What is the Risk of Tax Sales?
The biggest risk is bidding too much. That usually comes from not knowing the rules or how those rules will affect you. Check my other posts on tax sale and you will see more about the risks. I will be writing a post specifically about the risk in Tax Sales, in the next few weeks, so be sure to check back.
Happy bidding,
Ned
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1 Tax Sale With Over 5,760 Properties To Be Held In May | Real Estate Investing News Watch Blog Aggregator // Apr 29, 2010 at 1:28 am
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