Margaret Gibbons of The Intelligencer reports:
Montgomery County is preparing to sell about 40 properties at its annual judicial real estate tax sale, according to county Treasurer Jason E. Salus.
“There can be some good investment properties, but you have to do your homework first and I can’t emphasize that enough,” said Salus.
In addition, others are no longer on the list because the owners have made arrangements to pay the back taxes owed on the parcels, according to Salus.
All the properties up for sale Tuesday have been offered in prior tax sales but weren’t sold, Salus said.
Unlike regular tax sales, when a bidder is not only responsible for back taxes but for other liens against the land, these properties are being offered free and clear of all liens, according to Salus. The minimum bid for a property offered in a judicial sale must only cover the costs of prior attempts to collect the unpaid taxes on the property, including advertising and notifications, said Salus.
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