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Being high returns and non-fraudulent deals due to government's intervention make tax deed sales, including foreclosures, extremely lucrative propositions for all the property buyers.
When the homeowners default on their property tax payments, the concerned government agencies seize the defaulting real estate, called foreclosure. They then auction it to the public, in order to recover the delinquent taxes.
Local real estate newspapers and the local county office regularly publish a list of tax deed sales, foreclosures, and auctions. The internet also offers free foreclosure listings, area wise, and budget wise.
