resource center

In addition to the timely information posted on our blog, here you will find additional resources that may be of benefit to you.

 
 

Tackling Blight and Encouraging Development: How Judicial Tax Sales Can Be Your Most Effective Tool

Every community in every corner of the State of Georgia, from the Coastal Plains to the Appalachian Plateau, faces the same challenge – how to ensure long-term strength and economic viability thereby encouraging individuals and businesses in the community to remain local and thrive.  While facing these challenges, local leaders must consider how to effectively deal with blighted properties, how to encourage development or redevelopment of shopping and industrial areas and neighborhoods, and how to strengthen the tax base without unduly burdening their local population with constant tax increases.  While these questions require more study and deliberations than can be covered in this article, one of the most effective tools for these challenges is the judicial tax sale of properties that have lingered too long without owners putting those properties to productive use.  In this article we will briefly examine exactly what is a judicial tax sale and why communities should benefit from their use.

 

Know Your Tax Sales

Eventually every real estate professional will come across a property that is involved in a tax sale. This may mean that you are considering purchasing a property that is advertised for a tax sale. Or perhaps through mistake or oversight, one of your listings has been or is about to be sold at a tax sale. Georgia law permits properties to be sold at both judicial and non-judicial tax sales. It is important to understand the differences between them as boththe title conveyed by the sale and the rights of the owner to get the property back vary greatly with each sale. This article will attempt to highlight the main differences between the judicial and non-judicial tax sales from an investor’s perspective.