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Back to search resultsCategory: Property Tax
I'm a tax certificate sale bidder. What do I need to know about parcels in bankruptcy and the bidder budget option?
This answer has been viewed 3028 times and was last updated on 05/14/2019.
Bidder budgets
You'll be able to select a budget, which means you can determine the amount of money you wish to spend. Any bids remaining after your budget has been exhausted will be ignored. You may increase your budget, if needed.
Parcels in bankruptcy
In the interest of fostering the benefits of tax certificate sales related to cases before the Bankruptcy Court, the Bankruptcy Court confirms that the automatic stay of 11 U.S. Code Section 362(a) does not prevent the sale of tax certificates in the ordinary course of Florida tax collectors’ business. Accordingly:
- You'll have the opportunity to opt in to view tax certificates where the property owner is a debtor in bankruptcy.
- If you are the successful bidder, you may be required to transfer the proof of claim with the bankruptcy court. A fee may be required to complete the transfer of the claim.
- You may wish to consult with your attorney before purchasing tax certificates where the property owner is a debtor in bankruptcy.
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