True" hello everyone, this is Steve Swanson from Tactile Support Comm. We wanted to go ahead and talk a little bit about North Carolina today and explain how North Carolina tax sales work, as well as the tax foreclosure process in the state. We will also discuss purchasing tax deeds in North Carolina. In North Carolina, they use a tax deed method to conduct their tax sales. Essentially, they go through a tax foreclosure process where they foreclose on properties and offer them up for sale. These auctions can happen throughout the year, depending on the county's inventory of delinquent properties. North Carolina is a great state for purchasing tax deed properties. Now let's dive into the benefits of investing in North Carolina tax deeds. After the taxes have been delinquent for about three to four years, the county will start the foreclosure process. They will send out letters and begin court proceedings. The county must also send certified notices to all property owners, giving them 30 days to repay the taxes. If the property owners fail to pay, the county will run a title search on the property. This is done to contact anyone listed on the title and inform them of the foreclosure process. The foreclosure process generally takes between 9 to 12 months. Now, let's discuss what happens leading up to the auction. The counties will advertise the properties in the local newspaper for at least one week before the sale. At Tactile Support Comm, we receive these lists about three to four weeks before the auction. This is because we have established a connection with the counties to obtain these lists. During the pre-sell process, the property owner has until the day of the auction to redeem the property. Once the auction starts, the property owner has officially...
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