In hopes of getting higher bidder participation in its annual tax certificate sale, the city of Anderson in Madison County in Indiana will be hosting a seminar to educate residents in the area about how to purchase tax liens before its next event[1]. Last November, the county hosted a tax sale in an effort to recoup back taxes but failed to move more than 2,000 properties. The April sale will list properties up for grabs for as little as $100, and the county wants bidders and would-be investors to be very clear on how to get in on the action. The sale will be an internet auction and bidders will only have to wait 120 days to take ownership of the property.

The county wants to make sure that the acquisition process, which is complicated in this area of the state, does not deter investors from getting involved. To this end, the local government is hosting a seminar on how to bid on tax certificates and what to do once the sale is complete to make sure that everyone who wants in has an opportunity to participate in an educated manner. The seminar will even include lessons on how to evaluate properties ahead of time, do a title search and notify “all interested parties” once the lien is purchased.

This seems like a great way to get more participants involved in tax certificate auctions. Do you wish that your local government ran this type of educational program?

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[1] http://heraldbulletin.com/business/x1709527987/County-to-educate-bidders-before-tax-sale