Property Tax Liens In Washington
The State of Washington is a property tax deed state.
A Washington tax lien foreclosure sale, or auction, is a public sale to the highest bidder. After being delinquent in the State of Washington for a period of three years a property may be sold at a tax sale.
The successful bidder will receive a “Treasurer’s Deed”. You are not purchasing a “Tax Lien” in Washington State.
The minimum bid includes the amount due to the county for the tax, interest, penalties and foreclosure costs.
Payment by the successful bidder must be made immediately upon winning the bid. You may pay by cashier’s check, money order, certified check, or cash.
The successful bidder will receive a treasurer’s deed without any expressed or implied warranty.
Normally a tax deed will be issued to you within thirty days from the end of the auction.
Be aware that there is no right of redemption. In the State of Washington the property owner can not redeem his property after the sale. However there are exceptions. These exceptions are the rights of a minor child or a person legally judged to be incompetent. Thus, in such cases, those parties do have a three year right of redemption period.
Real estate taxes are in the first lien position. Thus the tax foreclosure will extinguish all other encumbrances. This includes deeds of trust, mortgages, contracts, liens, and judgments.
However, any local improvement assessments remain and become the obligation of the buyer. Also, Internal Revenue liens remain.
Tax sales in the state of Washington are the responsibility of the county treasurer. Most counties have tax sale information online.
Some of the larger counties even have their tax sale lists available online and update them regularly.
In addition, some Washington counties use www.big4assets.com and other third parties to conduct their sales.