Saint Louis County Property Auction Or Tax Sale Every August?

saint louis county property auction

Someone asked me the other day, “Does Saint Louis County property auction happens in August or is it a tax sale?”  

 

I was a little befuddled about the question because I never knew a whole lot about it.

 

But for some reason I did remember something about it being in the month of August.  

 

A public auction is “held on behalf of a government in which the property to be auctioned is either property owned by the government, or property which is sold under the authority of a court of law or a government agency with similar authority.”

 

And a tax sale is the forced sale of property (usually real estate) by a governmental entity for unpaid taxes by the property’s owner.  

 

In all actuality, Saint Louis County property auction is a tax sale under the tax lien model where a lien is being sold on the property.  

 

When Is Saint Louis County Property Auction Tax Sale?

 

The tax sale for St. Louis County is held annually on the first Monday of the final week of August.

 

St. Louis County Tax Sale saint louis county property auction

 

Its the terminology that can be confusing but it’s basically an “auction tax sale” of unpaid taxes, interest and fees.  

 

Once the property owner pays their taxes, payment of the entire investment plus interest of 18% (or more) will be due to the purchaser of the tax lien.

 

Other markets have weekly auctions that are tax deed sales instead where the entire property is for sale.

 

Saint Louis County does three offering sales which consists of properties that have unpaid taxes for the last three years.  

 

In essence the property can be acquired after the third offering stage if the property taxes are still unpaid for another year.  

 

The process of acquiring real property can be attained after the tax lien owner goes unpaid for his investment.  

 

I would highly recommend speaking to a representative at the Saint Louis County Collector of Revenue office and or a local real estate attorney for any further information.

 

Available “Saint Louis County Property Auction” Type Deals!

St. Louis County Property Auction House Buyer Deals

St. Louis Auction House

St. Louis County Property Auction House Buyer Deals

 

Cash buyers for real estate properties can really get some great deals in the St. Louis County, MO. area if they are connected to the right people or companies.  

 

Similar to purchasing from the county court steps or the auction house, when a cash purchase occurs it is most likely a distressed property that needs some sort of work.  

 

Sometimes it maybe a little work like carpet and paint or the bare essentials to get a property cash flowing or sold quickly.  

 

Other times it can be a bigger task because the home was unoccupied for  long period of time and needs updating.  

 

Regardless of the strategy that works for your portfolio, there’s opportunity for you to purchase properties for cash right here in the St. Louis area.  

 

We send out an email blast to our select client base when we have properties available.  

 

Sign up to join our exclusive email list today and don’t miss out on an extraordinary opportunity.  

 

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