Description
Not every state plays by the same rules, and mixing up tax deed states with redeemable deed states is a mistake that can cost you the property you just won.
In a tax deed state, you buy the property outright at auction. In a redeemable deed state, the previous owner still has a window to reclaim it by paying you back with interest. Same auction process, very different outcome for you as the buyer.
Tax Deed States:
Arkansas, Michigan, Utah, Virginia, Pennsylvania
Redeemable Deed States:
Tennessee, Texas, Georgia, Hawaii, Delaware
Before you bid in any state, know which category it falls into. It changes your entire exit strategy. Save this so you have it before your next auction.
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