Can you buy tax liens in WV?

TAX LIEN SALES IN WEST VIRGINIA The sheriff auctions the tax liens, which are freely assignable after purchase. If not redeemed, a purchaser of a tax lien may request a quitclaim deed for the property up to 18 months following the date of sale when the lien expires.

How does a tax sale work in WV?

Ultimately, in a tax sale, the purchaser can potentially get title to the home for a fraction of its actual value. In West Virginia, the tax sale is a public auction, and the property is sold to the highest bidder who pays at least the amount of taxes, interest, and charges. (W. Va.

How long can property taxes go unpaid in WV?

Va. Code § 11A-3-21). Tax liens expire 18 months after being sold. Under West Virginia law, a lien evidenced by a tax certificate of sale can’t remain a lien on the real property for a period longer than 18 months after the original issuance of the tax certificate of sale.

Is W. Va tax lien state?

Code § 11-10-1, et. seq., is a debt due the State of West Virginia. It is a direct obligation of the taxpayer and is a lien upon the real and personal property of the taxpayer. Statutory interest and additions to tax will continue to accrue on the amount of tax stated in the lien.

Can someone take your property by paying the taxes in Virginia?

Notwithstanding any other provision of this title, the treasurer or other officer responsible for collecting taxes may sell, at public auction, any parcel of real property that is assessed at $10,000 or less, provided that the taxes on such parcel are delinquent on December 31 following the third anniversary of the …

What happens to unsold lots at auction?

So what does happen after a property is unsold at auction? It all boils down to what the seller is after. If they want to sell the property, there will be scope for negotiation in price. They might be willing to take a lower figure to close the sale.