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429 Statutory Liens Against Real Estate Missouri Revisor of Form

429 Statutory Liens Against Real Estate Missouri Revisor of Form

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hey everyone Casey them in here we're talking about tax sales in the state of Missouri now Missouri is predominantly a tax lien state if you're unfamiliar with this process what happens is that once the taxes fall delinquent the county will sell a lien against the property so it's a sell of a lien not of a deep you're basically buying an interest earning lien against the property and you're not buying the actual property itself now Missouri holds all of their tax lien auctions in August and they use what is called an over bid system that means that the bidder who will pay the most amount of money for the rights to collect on that lien will become the winner the lien in an over viz state the winning bidder will generally be required to pay more than the face value of that lien in order to be able to purchase it at the auction in Missouri the investor receives interest on the amount of the taxes and the fees that are due only they do not receive an

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