Are you a property owner who is facing a tax deed auction? The prospect of losing your property due to unpaid taxes can be a daunting and stressful situation. However, before you feel overwhelmed, it’s essential to know that you still have options available to you. In this blog post, we will explore three main options for property owners facing a tax deed auction: sell, settle, or fight.
Sell
One option available to property owners facing a tax deed auction is to sell the property before the auction takes place. By doing so, you can avoid the uncertainty and potential loss of the property at auction. Selling the property can help you recoup some of the equity in the property and potentially avoid a foreclosure on your record.
Settle
Another option is to try to settle the unpaid tax debt with the taxing authority before the auction. This could involve setting up a payment plan or negotiating a reduced amount to satisfy the debt. By settling the tax debt, you may be able to retain ownership of the property and avoid the auction altogether.
Fight
Lastly, property owners facing a tax deed auction can also choose to fight the auction through legal means. This option may involve hiring an attorney to challenge the validity of the tax debt or to seek a delay or cancellation of the auction. Fighting the auction can be a complex and time-consuming process, but it may be worth it if you believe there are legitimate grounds to contest the sale.
No matter which option you choose, it’s crucial to act promptly and seek professional advice to understand the implications of each choice. A real estate attorney or financial advisor can help you navigate the process and make an informed decision based on your specific circumstances.
If you find yourself overwhelmed by property taxes and the threat of a tax deed auction, Gulf Coast Home Buyers is here to help. We specialize in providing fast cash offers for properties. Contact us now at (850) 972-0550