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Making Money from Tax Lien Home Foreclosures in Jacksonville

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By : John Cutts    99 or more times read
Investors can add tax lien home foreclosures in Jacksonville to their list of profitable endeavors as county tax collectors in Jacksonville and in other parts of Florida allow tax lien holders to apply for property foreclosure just two years from April 1 of the year the tax liens were auctioned off and purchased. The auction of the property is conducted by the county clerk of court within three or four months from the date of tax foreclosure filing.

Meanwhile, investors interested in homes sold at Jacksonville foreclosure auctions can expect more opportunities to buy, as the number of homes that entered foreclosure in June was still high despite dropping from the May total. There were 3,242 homes in Jacksonville that were hit with default or foreclosure notices in June, down by 10.9 percent from 3,640 in June 2009 and down by 14.4 percent from 3,789 in the previous month.

In May, investors had plenty of chances to buy from any list of foreclosed homes for sale as filings during the month nearly hit the record 3,864 total filings posted in August last year. Monthly total filings surpassed the 3,000 threshold for 5 months out of 12 in 2009.

Investors looking to buy Jacksonville tax liens for possible tax lien home foreclosures can visit, read the rules and register. Just like most other Florida counties, tax liens are auctioned online by county contractor Realauction. A deposit of 10 percent of the planned amount of investment in tax liens for the bidding period is required.

Florida foreclosure homes, tax liens and tax deeds are attractive to local and out-of-state investors because of the available inventory and the great prospects for profits. In June, foreclosure postings statewide climbed up by 1.7 percent over the month to 51,550 filings, putting Florida second to Nevada in rate of foreclosure.

Out of these nearly 52,000 statewide postings, almost 13,000 units were already bank owned properties, a large number for investors looking for mortgage foreclosures as well as tax lien home foreclosures in Florida.
John Cutts has been educated in the finer points of the foreclosure market over 5 years.

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