Purchasing tax-distressed properties offers many benefits, but the process also comes with risk if you don’t know what you’re doing. Whether you’re an investor looking for new Mississippi real estate, or a legal professional representing a client pursuing a tax sale, don’t take on this project alone.
If you require tax sale services in Mississippi, our team at PureTitle can help. The tax sales process can be long, complicated, and costly if you make a mistake. We work to streamline this process with research and title review services.
What Are Tax Sales?
Tax sales take place when property owners fail to pay their property taxes on time. In Mississippi, the average property tax is just 0.75%, much lower than the national average. This makes the median property tax in Mississippi about $1,097.
Despite the lower rates, some Mississippi residents still fail to pay their taxes. This gives county collectors the right to sell their property. There are two types of tax sales: tax liens sales and tax deed sales.
Tax lien sales sell the liens to a third party, who can then pursue the owed monies. If the property owner cannot pay the taxes and accrued interest, the lien buyer can foreclose the property. Tax deed sales sell the property along with the unpaid taxes.
Regardless of the tax sale you’re pursuing, we can help with our tax sale service in Mississippi.
How Do Tax Sales Work in Mississippi?
When you want to buy a property through a tax sale, you must understand the whole process. Tax sales begin with a county collector notifying the property owner of the sale. Then, the right-to-redemption period begins.
During this time, the property owner can pay their owed taxes, accrued interest, and other debts to reclaim their property. In Mississippi, the right-to-redemption period is two years. No one can claim the tax sale deed until after the right-to-redemption period.
If the property owner doesn’t reclaim their property, then the buyer can claim the tax sale title. Additionally, they need property title insurance, a necessity for buyers of tax liens looking to make the best returns on their new properties.
Our Tax Sale Services in Mississippi
Buying property through a tax sale can be an excellent investment, but it can also drain a lot of time and funds. We’ll take some of this weight off your shoulders with our tax sale services in Mississippi.
Title insurance is a must for all property purchases, as it protects you against title defects. This is especially important for tax sales purchases. However, acquiring it can be a headache.
Work with PureTitle to simplify the tax sale and title insurance process. We’ve partnered with a wide network of title companies in Mississippi to connect you with the resources you need.
Thorough title research is required throughout tax sales. Rather than take this on yourself, let us offer research support. We investigate Mississippi-specific insurable contracts, have optional mail services, and provide a complete list of all the property’s interested parties.
Who We Serve
At PureTitle, we help both investors and legal professionals navigate tax sales. We assist legal professionals in acquiring title insurance for their clients through a streamlined process. For investors seeking assistance, we offer necessary comprehensive research that allows them to secure title insurance.
Rather than consulting curators or people-search software, you can access all necessary resources through one channel. We save you time, money, and headaches.
Contact PureTitle for Title Insurance and Tax Sale Help in Mississippi
If you need title or tax sale insurance, PureTitle is the way to go. We are dedicated to providing high-quality, individualized tax sale services in Mississippi. As a team of dedicated professionals, we use our localized expertise to protect your investment.
We have been helping clients successfully purchase tax-distressed properties since 2018, and you could be next. Contact us at (504) 300-0520 to learn more or request a quote.
