Knowing the rules and terms in a tax lien sale is very important. These rules specify when and how you would need to register for the sale, where the bidding is going to take place, what the procedures are, and when to pay for any successful bids. Do not forget that you would not be allowed to register for the tax sale if you’re going to forget this information. Plus, you won’t be allowed to place bids if you’re going to miss the registration.
Take note that you are required by the county to follow the correct method of payment. A lot of tax collectors would only accept bank checks or Automated Clearing House (ACH) debit if it is an online tax sale. Also, payments are usually made right after the tax sale which is mandated by counties. Remember that you can be fined or lose successful bids by failing to do so. Worst case scenario is not to be allowed to participate in future tax sales, if no proper payment is made in due time.