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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, allowing the lien holder to apply for a deed and start the process of auctioning the property. The deed application is submitted to the county for foreclosure before being offered at an auction starting at the delinquent taxes, interest, and application fees. Florida offers both tax liens and tax deeds, making it an interesting state for property deals.
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