While property tax delinquencies have declined in the last few years, the United States is still faced with approximately $11.8 billion in unpaid property taxes. Each year, $3–5 billion in delinquent real estate taxes are offered for public sale. In a tax-sale state, delinquent taxes can be sold as quickly as within six months.
Even in an upswing market, these are serious numbers, and investors must be vigilant to protect their assets. Delinquent and sold reporting is best monitored with real-time, accurate, and detailed information regarding delinquent and sold tax liabilities.
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