I have one tax lien certificate in Florida worth $225. I have held it for two years and can now apply to convert it to a tax deed. The application fee to do this is $2,200!! So I have a few questions if anyone can help me with this.
Firstly, here is what I know about the property:
There are six years of unpaid taxes on this house, I hold the only certificate. The remainder are open/unpaid. Total value of around $2,000
The most recent photo of the house was added to the county website just a week ago. It shows a house with an outside light on and a ladder against the side.
Details on the county website of work done or approved include a roof in September of this year.
The address of the owner as shown on the tax certificate is not the same as the address of the property.
The value of the house for tax purposes is around $26,000
Zillow’s estimated value of the property is around $50,000 which seems ambitious to me.If I apply to convert to a tax deed and the owner pays up all his outstanding taxes, will my fee be covered as well?
If I succeed in converting what happens next?
Since this is the only investment I have remaining in the US I am prepared to walk away from it.
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