I Submitted the Highest Bid at the Auction. Did I Buy the Property or Not?
Following the onset of the COVID-19 pandemic, many jurisdictions put moratoria in place prohibiting foreclosure sales. However, most moratoria have expired and foreclosure sales, conducted at public auction, are ramping up as lenders work their way through a backlog of delinquent loans. Property owners, hoping to take advantage of a hot real estate market, are…
Read MoreUnited States Court of Appeals for the Fourth Circuit Nixes Maryland’s Attempt to Give Tax Sale Purchasers A Home Field Advantage
Real property tax sales provide opportunities for investors to acquire properties for below market prices if the properties are not redeemed from sale or to earn interest on the taxes paid at the tax sale at generous rates if the properties are redeemed. As a result, large investors participate in tax sales throughout the United…
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