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Shade Ferret from taxelsupport.com and Steven Swenson discuss a property deal in Florida involving tax deeds. Tax deeds are created when tax liens expire after a two-year redemption period. The lien holder can apply for a deed, leading to the property being auctioned off to recover delinquent taxes, interest, and application fees. Florida offers both tax liens and tax deeds, making it an interesting state for property investment.