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Discussions > Foreclosure & Tax Deed Auctions

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Tax certificate sales: Homestead vs non homestead exemption ?

I am looking to purchase residential tax certificates in Florida .
Is there a difference between a homestead residential property vs a non homestead ?
Please comment regarding the risks of the investment and legal implications in both cases .
Also, can you explain the limitations of the potential tax deed sale of the property in both scenarios?
I suspect a non homestead property would be a better safer investment? Many thanks

Posted 2 months ago
  
  
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Carol B
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In general, if your goal is to earn interest, homestead certificates are generally 'safer' because the owner is highly motivated to pay you back. However, if your goal is to acquire the property, non-homestead is significantly better due to the lower opening bid requirements and fewer constitutional hurdles.

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Damon Simons
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Thank you Damon!

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