South Carolina Redeemable Tax Deed Sales
In this video we teach about Tax Sale Investing in the State of South Carolina. South Carolina is a redeemable tax deed state. In a redeemable tax deed state the actual property is sold after tax foreclosure and then the former owner has one last opportunity to redeem the property (pay the delinquent taxes). If the taxes aren't paid the investor becomes the owner. This differs from tax lien states where a lien is sold against the property giving the owner the right to collect the back due taxes and earn interest.
- Redeemable Tax Deed State
- One Year Redemption Period
- Interest: 3% for Every 3 Month Period or Portion Thereof That Has Passed (up to 12 months)
- Interest is Paid on Entire Bid - Capped at What was Intiially Owed
- Deed Recorded if Not Registered
- Registration Fees Might Be Required
- Non Paying Bidders can be Fined $500 (& Taken to Court if they Refuse to Pay)
South Carolina Counties & Populations:
1 Greenville County 506,837
2 Richland County 411,592
3 Charleston County 401,438
4 Horry County 333,268
5 Spartanburg County 306,854
6 Lexington County 290,642
7 York County 266,439
8 Berkeley County 217,937
9 Anderson County 198,759
10 Beaufort County 186,844
11 Aiken County 168,179
12 Dorchester County 156,456
13 Florence County 138,566
14 Pickens County 123,479
15 Sumter County 106,847
16 Lancaster County 92,550
17 Orangeburg County 87,476
18 Oconee County 77,270
19 Greenwood County 70,355
20 Darlington County 67,265
21 Laurens County 66,848
22 Kershaw County 65,036
23 Georgetown County 61,607
24 Cherokee County 57,105
25 Chesterfield County 45,948
26 Newberry County 38,488
27 Colleton County 37,611
28 Clarendon County 34,057
29 Chester County 32,301
30 Marion County 31,293
31 Williamsburg County 31,133
32 Dillon County 30,666
33 Jasper County 28,458
34 Union County 27,537
35 Marlboro County 26,825
36 Edgefield County 26,693
37 Abbeville County 24,722
38 Fairfield County 22,607
39 Barnwell County 21,345
40 Saluda County 20,452
41 Hampton County 19,602
42 Lee County 17,350
43 Calhoun County 14,704
44 Bamberg County 14,381
45 McCormick County 9,545
46 Allendale County 9,002