Virginia tax lien certificates are a great way to profit. City Of Richmond County sells Tax Deeds at City Of Richmond County tax sales.
900 East Broad Street
Type: Tax Deed
You can purchase Virginia Tax Deeds at City Of Richmond County tax sales.
If City Of Richmond county, Virginia is unable to collect real estate property taxes they are also unable to provide important government services like police protection, public schooling and medical services.
Unpaid property taxes create a serious cash-flow problem for City Of Richmond county, Virginia.
Property taxes that are delinquent are added to any previously uncollected taxes on a parcel of City Of Richmond county. Parcels whose taxes are subject to sale will be advertised in a City Of Richmond county newspaper of general circulation. The parcels are listed by sequence number. Parcels fall into 1 of 2 groups. Each group is sorted by parcel number.
The City Of Richmond county tax sale list appears about three to six weeks before the City Of Richmond county tax sale auction and is also posted on the Internet.
To solve this problem City Of Richmond county, Virginia allows investors to pay off these taxes. In exchange the investor receives the City Of Richmond county, Virginia lien for taxes. A real estate tax lien is simply a claim for delinquent taxes.
Why would investors do this?
Well, depending on Virginia laws and competition, savvy City Of Richmond county tax sale investors can realize high-yielding returns with tax lien certificates and/or purchase real estate for a fraction of its true market value with Virginia tax deeds.
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