When you participate in an online tax auction, you are bidding on the interest rate for the tax lien. The highest bidder at the end of the auction will win the tax lien. The winning bidder will then be responsible for paying off the taxes owed on the property plus any interest that has accrued. Online tax auctions are becoming increasingly popular, so you’re likely to find a larger selection of properties to choose from. Finally, you’ll save money on travel costs by not having to physically visit the auction site.
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