Forums
New posts
Search forums
What's new
New posts
New media
New media comments
Latest activity
Classifieds
Media
New media
New comments
Search media
Log in
Register
What's New?
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Navigation
Install the app
Install
More Options
Advertise with us
Contact Us
Close Menu
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Forums
The Water Cooler
General Discussion
Land tax lien sale/purchase
Search titles only
By:
Reply to Thread
This site may earn a commission from merchant affiliate links, including eBay, Amazon, and others.
Message
<blockquote data-quote="oksportsman" data-source="post: 3263805" data-attributes="member: 27661"><p><span style="font-size: 18px"><strong>Tax Lien Sale in Oklahoma</strong></span></p><p>An Oklahoma tax lien technically begins on the first day taxes are due. Property owners then have three years from this date to pay up, and taxes continue to accrue during this time because they’re an annual assessment. Interest and penalties will begin adding on as well.</p><p></p><p>The property will be sold at a public tax lien auction after three years if the total balance due, including interest and penalties, isn’t paid. This three-year period acts as something of a redemption period, but the property hasn’t actually been sold yet. The county simply maintains its tax lien against it during this time.</p><p></p><p>Tax lien certificates in other states are more or less an intermediary step in this process. Oklahoma counties go directly from “taxes due” to “tax lien auction” with no middleman or certificate involved. The deed to and ownership of the property is then transferred to whomever purchased the property at the county auction.</p><p></p><p><span style="font-size: 18px"><strong>Redeeming Real Property After Tax Sale</strong></span></p><p>The majority of property owners can’t redeem their homes <em>after</em> a tax sale in Oklahoma, although they can do so during that initial three-year period before the sale takes place. Most owners are pretty much out of luck after the sale.</p></blockquote><p></p>
[QUOTE="oksportsman, post: 3263805, member: 27661"] [SIZE=5][B]Tax Lien Sale in Oklahoma[/B][/SIZE] An Oklahoma tax lien technically begins on the first day taxes are due. Property owners then have three years from this date to pay up, and taxes continue to accrue during this time because they’re an annual assessment. Interest and penalties will begin adding on as well. The property will be sold at a public tax lien auction after three years if the total balance due, including interest and penalties, isn’t paid. This three-year period acts as something of a redemption period, but the property hasn’t actually been sold yet. The county simply maintains its tax lien against it during this time. Tax lien certificates in other states are more or less an intermediary step in this process. Oklahoma counties go directly from “taxes due” to “tax lien auction” with no middleman or certificate involved. The deed to and ownership of the property is then transferred to whomever purchased the property at the county auction. [SIZE=5][B]Redeeming Real Property After Tax Sale[/B][/SIZE] The majority of property owners can’t redeem their homes [I]after[/I] a tax sale in Oklahoma, although they can do so during that initial three-year period before the sale takes place. Most owners are pretty much out of luck after the sale. [/QUOTE]
Insert Quotes…
Verification
Post Reply
Forums
The Water Cooler
General Discussion
Land tax lien sale/purchase
Search titles only
By:
Top
Bottom