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Palm Beach Tax Lien/Deed Auction Information and Property Listings

County Location

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Due Diligence
Property Listings
Local Legal Advice
Online Auction Information
County Contact Information
Listing Newspaper Information
Local Realtor Contact Information
Tax Lien/Deed Auction Information
Local Investment Agent Contact Information

Property Listings

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Current Property Auction List	palmbeach-FL-taxdeedsale-09-29-2010

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County Contact Information

County Information
State	Florida
County Name	Palm Beach
Responsible Entity	Clerk of Court
Address	North County Courthouse :: 3188 PGA Blvd. :: Palm Beach Gardens, Florida 33410
Entity Contact	Sharon Bock
Phone #	(561) 624-6500
Fax #
Email
Website	http://www.pbcgov.com/fdo/Admin/Buildings_CourtHouses.htm

Completing Due Diligence

Links are provided to aid in your due diligence activities. www.Tax-Lien-Database.com does not guarantee the accuracy of the various sources and is not responsible for inaccurate information.

Due Diligence Resources
Lien/Deed Type	Tax Lien & Tax Deed
Bidding Procedures	Bid Up or Premium
Liens/Deeds OTC*	No
Return (State Maximum)	N/A
Penalty	None
Redemption Period	2 Years
After Redemption Period	The tax lien holder must apply for a tax deed. The tax deed is then sold at public auction (tax lien holder may bid) to cover the costs of the tax lien plus interest and fees. Once a tax deed is issued, the deed holder has full right of possession.
County Website	http://www.pbcgov.com/
Auction Information	http://www.mypalmbeachclerk.com/taxdeedsales.aspx
Property Assessor	http://www.pbcgov.com/papa/aspx/GeneralSearch/GeneralSearch.aspx
Property Title Search	http://www.mypalmbeachclerk.com/
Property Mapping/GIS Information	http://www.pbcgov.com/iss/itoperations/cwgis/
Property Area Information	http://www.zillow.com/
Due Diligence Example Video**	Subscribe Now
State Resource
State Resource	http://www.leg.state.fl.us/statutes/index.cfm?App_mode=Display_Statute&URL=Ch0197/titl0197.htm&StatuteYear=2000&Title=-%3E2000-%3EChapter%20197

*Excess liens/deeds offered Over The Counter (OTC)
**Subscribers have access to training videos

County Process / Terms & Conditions

Tax Deed Sales:

    * Are conducted on designated Wednesdays as advertised in the Palm Beach Daily Business Review.
    * Take place at 9:00 a.m. in the Main Courthouse dining area, Room 1.2406, 205 North Dixie Hwy, West Palm Beach, Florida.

General Information:

    * Bidding – increments will begin at no less than $10 on parcels with a starting bid of $5,000 or less.  No less than $100 on parcels with a starting bid of more than $5,000.
    * Deposits – a $200 cash deposit with valid identification (driver’s license, identification card, etc.) from the high bidder is required at the time of the sale.
    * Forfeits – if payment in full is not made within 24 hours of advertised sale time (9:00 a.m.), the $200 cash deposit will be used to re-advertise and resell the property within 30 days.  The Clerk &amp; Comptroller’s office shall have the right to refuse the bid of forfeited bidders and their assigness.
    * Issuance – a tax deed will not be issued until full payment is received.  Only cash or cashier’s check made payable to the Clerk &amp; Comptroller of Palm Beach County is acceptable.  A tax deed is issued on a first come-first served basis.  Property can be redeemed prior to tax deed issuance (defined as: when tax deed is completed with all signatures and seals).
    * Title – tax deeds are generally not a marketable title
    * Excess proceeds of a tax deed sale shall be held for 90 days, with the exception of the certificate holder whom is paid forthwith.

Tax Deeds are governed by Florida Statutes Chapter 197.

State Laws and Procedures

Florida Statutes, Title XIV, Chapter 197, &quot;Tax Collections, Sales, and Liens.&quot;  Tax Lien Certificate (Sec. 197.432) and Tax Deed (Sec. 197.502).

State Summary

Florida is both a tax lien and a tax deed state. Delinquent properties are sold at the tax lien sale and, if they do not redeem within the redemption period, they are sold at auction in a deed sale to satisfy the lien holder. Tax lien sales are referred to as tax certificate sales and are the responsibility of the county tax collector. 

Florida is the most popular state for tax sales. The maximum interest rate is 18% and the redemption period is 2 years. The interest is bid down in &#188;% intervals. Bidding has become so competitive in Florida that frequently liens are sold at an interest rate of &#188;%. However, there is a minimum penalty of 5%. If you bid less than 5% and the lien redeems, then the 5% penalty is paid instead of the amount you bid, so you are guaranteed a minimum return of 5%.

There is another thing that you should know about Florida; in order to bid at the tax lien sale, most counties require you to register before hand with a large refundable deposit. Many Florida counties are now conducting their tax sales online. The first year that Dade County had an online tax sale, according to the tax collector’s website, the sale was a big success for the county. They had more bidders than ever before and sold all of their tax certificates – all 32,000 of them. Most of them were bid down to an interest rate of only .25%. This was great for the county, but not so good for investors. It’s a good bet that some of the liens sold were for worthless properties.

Most Florida tax lien sales are held in May. Many are held on the same day. The larger Florida counties do have their tax sales as well as tax assessment information online. Most of the Florida counties have their tax sales on www.RealAuction.com, but a few use Grant Street Group for their online auction platform. You can find these county auction by going to http://www.grantstreet.com/clients and looking under tax collectors.

Summary courtesy of Joanne Musa's State Guide

Listing Newspaper Information

Newspaper Information
Local Newspaper	Palm Beach Post
Address	2751 S. Dixie Hwy :: PO Box 24700 :: West Palm Beach, Florida 33416
Phone #	(561) 820-410
Fax #
Email
Website	http://www.palmbeachpost.com