jratush
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Miami-Dade 2007 tax sales results - 2008/08/10 02:53
Hello Luanne,
Just a piece of information for fellow subscribers that came across from Miami-Dade county tax collector office:
The results of the last year's tax sales based on the internet auction reportedly sold around 46,000 lien certificates, leaving very little of unsold for over-the-counter sale.Virtually all certificates were sold at bid rates of 0.25%(!!!)- which means that they will be paid at 5% minimum interest by the state law. It is a far cry from 18% people think they are going to get.
Many major counties do conduct internet auctions where institutionalized investors get nearly everything.
Any suggestions from you?
Thanks
Jeff
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