Posted by DB on April 26, 2002 at 13:01:30:
Check out some of these websites:
These websites will give you most of the info. you need.
Talk to other local investors who purchase these deeds at the tax sales.
I do know that GA has a 1 year redemption period!
As far as redemption values: GA is 20% first year, no matter when redeemed, and 40% second year
GA is a “bid up” state, which means:
The bid goes to the highest bidder at public outcry.
As you said their are always other charges related to bidding on tax cert.
Just remember, the property that you bid on will be yours if the owner doesn’t redeem.
I would make sure and check the property for any problems that you may miss.
Any properties that I bid on, are ones that I wouldn’t mind owning myself!