Thursday, March 01, 2007

Judge reverses La Caribe foreclosures

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.

Want more information on how to invest in tax liens, tax deeds, and foreclosures? Buy the Complete Guide to Real Estate Tax Liens and Foreclosure Deeds: Learn in 7 Days [ISBN-10: 0978834682].

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