Posted by Mark Washburn on Tuesday, May 16, 2006 at 2:13 PM By Mark Washburn / May 16, 2006 Comment
Auction moves online The Lee County tax certificate auctions have moved online to leetaxsale.com, a site which is managed by Plantation, Florida based Realauction. This move online should help to attract a wider more diverse audience than can typically attend a live auction in Southwest Florida in late May. An on-line guided tour provides a walk-thru of the straight forward auction process. A great touch is the integration with the Lee County Property Appraisers site for viewing the property. A minimum $300 deposit is required to participate and then 10 percent of the certificate bid value. Wire transfers are the only payment method accepted. The first online Lee County auction will be on May 31, 2006 at 8:00 AM. Bids can be entered for this auction starting on May 4, 2006. There are currently about 24,000 certificates up for auction. The tax sale process section of the site provides more information about tax certificate auctions and also consider reading Profit by Investing in Real Estate Tax Liens : Earn Safe, Secured, and Fixed Returns Every Time by Larry B. Loftis. Tax certificates now available online [News-Press]
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