If you’re looking for your next tax lien property acquisition in Anne Arundel County, MD, we have exciting news for you.
On June 6, 2023, Anne Arundel County is holding its annual tax sale. The county holds it each year to collect delinquent taxes and other amounts owed to the county.
The tax sale will give interested property buyers a chance to acquire properties and property owners a chance to redeem their properties or have their properties removed from the tax sale.
Learn more about the Anne Arundel County Annual Tax Sale and find out how you can participate.
Anne Arundel County’s Tax Sale Process
The tax sale will follow the same auction-type format as its past editions. In Anne Arundel County, tax sale auctions follow a process governed by the Maryland Annotated Code. In particular, they take place based on the provisions of the code’s section on tax property.
The process begins when the county registers delinquent taxpayers. After registering these taxpayers and their properties, the county notifies the taxpayers 30 days before the sale’s date.
Between the notice and the sale date, taxpayers may pay their outstanding tax balances to the County’s Office of Finance. Paying the remaining balance will remove a property from the list of tax liens. However, if a taxpayer fails to pay, the liens on the property will remain on sale.
How To Participate
Before the sale, interested tax lien buyers can check the available liens on the county’s site. The Tax Sale Division releases a list of tax liens 30 days before the date of the sale.
Interested buyers can then attend the auction. At the auction, buyers can purchase tax lien certificates.
Lien certificates enable a buyer to request the property’s owner to pay taxes to the county. If the property owner fails to pay taxes, the lien certificate owner can order the property foreclosed for easy acquisition.
How Long Should Lien Certificate Owners Wait for the Properties To Be Redeemed?
In Anne Arundel County, property owners have four months from the date of the sale to pay taxes and other amounts owed to the county. After four months, the lien certificate owner reserves the right to foreclose the property.
If the property owner does not redeem the property in six months, the lien certificate holder can file a foreclosure case. At the end of the foreclosure case, the lienholder can acquire the property but take on the remaining property taxes owed to the county.
For a Smooth Acquisition, Contact an Experienced Maryland Tax Sale Attorney
The critical moment following your acquisition of a lien starts as soon as the foreclosure proceedings begin. This process is what stands in the way of you getting your new property.
For a smooth property acquisition, you will need help. Contact us at LewisMcDaniels.
With our Maryland tax lien attorney by your side, your tax lien acquisition may just be a successful bid away.
