Important Information


Procedures for 2020 Tax Certificate Sale
of 2019 Real Properties in Orange County, FL

 


Authorization: Florida Statue 197.432 (16)
The sale shall be in compliance with the procedures provided in the reference chapter

Advertising Dates: May 14, May 21, and May 28, 2020, published in the West Orange Times.

Location: Internet Site http://orangefl.realtaxlien.com/ Site developed and sale conducted by Realauction.com.

Sale Date and Time: Sunday, May 31st, 2020 from 8:00 AM to 4:00 PM until all certificates are issued.

 

On-Line Registration:

  • IRS form W-9 is required for each Social Security Number.
  • One bidding number is allowed per Social Security or Employer Identification Number.
  • Deposits must be submitted on website electronically (ACH) in US Funds on a US banking institution.
  • Bidders registering under Employer ID Numbers (EINs) must provide either a Florida Secretary of State registration (document) number emailed to noreplycertificate@octaxcol.com or, if the entity is not registered with the Secretary of State, complete an affidavit [link].

 

Bidding Process:

  • Bidders must be registered (http://orangefl.realtaxlien.com/).
  • The Tax Collector requires a minimum deposit of $1,000.00 or 10% of intended purchases, whichever is greater, to be posted through the auction website for each EIN or Social Security bidding number.
  • The lowest rate of interest bid will be awarded the tax certificate. Interest starts at 18% and is bid down to zero percent. Per F.S. 194.472 (2), the mandatory charge of 5% does not apply to any interest rate bid of zero percent. Bids of zero percent will earn zero interest. Bids shall be accepted in even and fractional increments of quarter-percentage points.
  • Certificates will be sold in sequential order as they appear in the newspaper. The face amount of each certificate is equal to the gross tax, interest, advertising, and the cost of the sale.
  • Registered bidders will be able to compile their list of items and percentage amounts on Friday, May 8th, 2020 up until the day of the sale, Sunday, May 31st, 2020.
  • The auction will consist of batches of approximately 2,500 items. The first batch commences at 8:00 AM on Sunday, May 31st, 2020 and batches continue hourly until the close of the sale.

 

Close of Sale:

  • Upon the completion of the Tax Certificate Sale, the Tax Collector's Office will reconcile the accounts with Realauction. Bidders will then be notified of certificates purchased. The tax certificate will be issued to the party as entered on the website registration page.
  • Final payment is due electronically (ACH) via the website within 48 hours of sale completion and reconciliation.

Notice

At the conclusion of the sale, bidders will get an unofficial total of their purchases via email from Realauction. The official notice will be provided by the Tax Collector's Office via email.

This is not a sale of land, but a lien for the amount of delinquent taxes.

Any holder of a Tax Certificate who, prior to the date two years after April 1 of the year of issuance of the tax certificate, initiates, or whose agent initiates, contact with the property owner upon which he or she holds a certificate encouraging or demanding payment may be barred by the Tax Collector from bidding at a tax certificate sale. [F.S. 197.432 (15)]

Caution to Certificate Buyers

There are risks involved with buying certificates. Those risks are borne solely by the bidding entity.

 

Summary of Important Dates

 

  Bidder Accounts  
  Allow foreign bidder registrations     No  
  Single simultaneous bidder rule     No  
 
  Auction Information  
  Bidding style     Proxy Bid Auction  
  0 value bids use proxy system     Yes  
 
  SubAccounts  
  Allow sub-accounts     No  
  Automatic certificate rollup / rollup fee   No     $0.00  
 
  Auction Dates and Times  
  Registration begins (site opens)**     Open All Year  
  Deposits, Registration fees and Budgets begin     05/08/2020 at 9:00 AM ET  
  Bidding begins     05/08/2020 at 9:00 AM ET  
 
  Deposits, Registration fees and Budgets end**  

  05/31/2020 at 4:00 PM ET  

  Participation Requirements       
  Participation Requirements Due Date     05/31/2020 at 4:00 PM ET  
  Registrations end     04/10/2021 at 4:00 PM ET  
   
  First batch closes     05/31/2020 at 8:00 AM ET  
  Batch closing interval     60 Minutes  
  Last batch closes     05/31/2020 at 4:00 PM ET  
   
  Auxiliary batch opens (If applicable)     N/A  
  Auxiliary batch closes (If applicable)     N/A  
   
  Payment due date     06/02/2020 at 4:00 PM ET  
 
  Budget, Deposit and Payment Information  
  Deposit or Budget required (% of estimated winnings)     10%  
  Minimum deposit amount     $1,000.00  
  Registration Fee     $0.00  
  Registration Fee Refundable     No  
  Registration Fee Applied to Winnings     No  
   
  Deposit / Payment types acceptable:   Deposits Payments
  Budget     No     ---  
  ACH     Yes     Yes  
  ACH auto-debit final payment     ---     No  
  Wire transfers     No     No  
  Counter payments     No     No  
 
  Redemptions available via ACH?     No  
 
  Public Access  
  Public computers available     Public Library  
 
  ** Subject to change. The site will open when approved by the County.  

 

For an explanation of any of the terms above, please visit the FAQs.

 

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