Sheriff sales vs Tax Sales
Sheriff Sales VS Tax Sales
Sheriff sales usually refer to property with a mortgage being sold off in foreclosure, for not paying the mortgage deby owed.
However, some states like Ohio and Georgia use their sheriff to sell off tax properties as well sometimes.
We prefer to just call them "tax sales" if we're talking about a tax delinquent property, keeps everything straight.
If you thought you were looking for sheriff sales, you've actually stumbled into the right place because there is much equity to be had there due to high mortgage balances. But here, we're just dealing with the small amount of property taxes owed, and usually not much else!
This allows you a lot more room to make a deal happen, and cushion in case of the inevitable unforeseen circumstances that can arise when reselling.