Today I will go over the YouTube Video called North Dakota Tax Sales Explained.
North Dakota has 53 Counties and is a Deed State. North Dakota auctions are held the third Tuesday in November and they used Premium Bid Method
It’s possible that you may find information that shows North Dakota to be a lien state with an interest rate of between 9% and 12% per annum and a redemption period of three years. This has changed pre state law. As of 1999, North Dakota became a Deed state and allows over-the-counter sales after the auction.
OTC and Redemption Period.
Unsold tax deed properties may be offered for sale at anytime after the auction on a first come first serve basis from the county. Delinquent property owners have an additional thirty days after the initial auction to redeem properties not sold at the auction.
This website might be helpful in your research in terms of looking up tax information for properties: http://www.ndpropertytax.com/.
Get the Worksheet
In order to help you out, what I’d like to do is give you guys a worksheet for the state of North Dakota. Each one of the worksheets is several pages. Each one has all the information I just mentioned plus my personal notes for each state and then links to the states laws, other applicable websites, and links to every single County and in some cases municipality as in some of the northeastern states who run their auctions by city instead of by County. Finally each worksheet has got a map of the state showing the counties for your convenience.
If you would like to have the North Dakota Tax Sale explained even more, click on one of the links below:
Interested in Tax Sales in Another State?
Tax Sales investing is a niche that has the potential to be insanely profitable.
However, most investors do not have a deep understanding of this investing strategy.
Every state has a unique set of rules and regulations. There are some basic rules you need to understand as to how the process works. Generally, states will fall into one of three categories:
- Tax Lien States
- Tax Deed States
- Hybrid States
Hybrids are states who conduct their tax sales by selling tax deeds with a caveat. The deeds have a redemption period much like a tax lien certificate.
This map provides links to information for every state as well as Washington DC.