When tax deed auctions take place, the county is going to advertise it in the local newspapers and take note all properties to be auctioned. This give time to any investors who would plan to bid, to research the property they’re interested in. Then, decide if it is worth buying. Properties put up for auction has a total price which includes back taxes, interest, and any fees that have accrued along the way. The price is significantly lower than what the property is actually worth in the real estate market.
Many investors are attracted to tax deed auctions because of this reason. Plus the right of ownership is given to whoever wins the bidding. Live in it, rent it out, or flip for more profits. It is now up to the investors to decide on what to do with their property. After all they’ve earned it.