Investing Without Losing

Due to the local government's mistake, 11 lots that were not delinquent in taxes were sent to tax foreclosure auctions. According to Gulf Breeze News, a judge reversed the move.

After only about one hour of presentation and deliberation, property owners in La Caribe subdivision received good news: Judge Michael Allen reversed the foreclosure proceedings on 11 lots accidentally included in a tax lien sale earlier this month. The lots had been erroneously included in the description of the pool deck tax lien auctioned off, and Assistant County Attorney Steven West requested a reversal.

For the public that do not know -- if you do not pay your property taxes, your property may be auctioned off for a fraction of the market price. On rare occassions like this one, the county makes a mistake. Luckily, it doesn't happen too often.

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Labels: foreclosures, tax deeds, tax liens