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Tennessee is a state that is a little different than most other Tax Deed states because it is a redeemable deed state. One thing that an investor can do once he has won the Tennessee Tax Deed is to apply for an immediate writ of possession. If the writ is approved, the Tax Deed purchaser can collect rent on the property for the first year or until the deed is redeemed. This has been proven to be a very lucrative action. There is a one year redemption period for the State of Tennessee.
The highest bidder is the one that is willing to pay the most for each of the Tax Deeds. All fees, penalties, and administrative costs are included with the opening bid. The Tax Deed buyer can take possession one year after the winning bid.
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.