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Looking to purchase Tax Deed real estate in Connecticut? Then you are in luck. Sales are help publicly throughout the year. Times and dates are set individually by the counties and municipalities. Tax Deed sales are published in a local newspaper several weeks prior to the sale. One of the disadvantages of buying Tax Deeds in Connecticut is each property is sold with a one year right of redemption. Within a couple weeks after the sale, the investor will receive a deed to the property from the tax collector. The deed will be stored unrecorded for a period of one year from the date of the sale. if the property owner does not pay all delinquent taxes, interest, penalties, and fees by the end of the twelve month redemption period, all redemption rights are terminated and the purchaser takes possession.
Any bid amount will include the back taxes, penalties, interest, and administrative costs. The deed will be bid up in price until a high bid has been established. The investor with the highest bid, receives the deed to the property.
Tax Deed investing can be extremely risky unless you are well informed and know the pitfalls to avoid. Our book Real Estate Tax Deed Investing spells out the right way to invest in Tax Deed Real estate. For more information on Tax Deed auction locations, purchase our Amazon bestselling book and receive your complimentary Tax Deed auction list!
It is recommended that you further research Tax Deed information for each given state as laws and regulations are constantly changing. We cannot guarantee that the information given here is the most current information.