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About Us | Formalytx
https://formalytx.com/about-us
Formalytx is the premier real estate auction marketplace, dedicated to empowering consumers and professionals with the data, tools and knowledge to evaluate and acquire properties, like never before. Formalytx launched in 2016 and is headquartered in San Diego. Designed by Elegant Themes.
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Tax Auctions 101 | Formalytx
https://formalytx.com/tax-auctions-101
So What Is a Tax Deed Anyway? Whether you’re a first-time buyer or seasoned investor, our knowledge center will have you buying bargain properties in a snap! Forget the late night commercials selling you “real estate investment is as easy as 1-2-3” and start here to get yourself acquainted with purchasing real estate through a tax auction. How do auctions work? When do they happen? Click below to find out! Reference this section if you come across a term you don’t know throughout the site.
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The Process | Formalytx
https://formalytx.com/how-it-works/the-process
Access Our National Database. We track auctions across the entire nation and provide detailed information on each one, in addition to the individual properties within. When you become a subscriber, you can easily locate all types of properties using your specified criteria, from single family homes to condominiums, commercial spaces, and even land lots. What other platform let’s you search like this? Let us help you answer that… NONE! Attend Your First Auction. Designed by Elegant Themes.
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Investing Basics | Formalytx
https://formalytx.com/tax-auctions-101/investing-basics
An Intro to Tax Auction Investing. Learn the in and outs of buying property via tax auctions across the nation. Let's Get Down to (Basic) Brass Tax. Get it? If you haven’t purchased a tax deed or lien before, start here. If you have, feel free to poke around in the more in-depth sections below to find what you’re looking for…. So what is a tax lien/tax deed property sale (i.e. How the heck does this thing work)? What happens to the property? The county will then offer the property up for sale at an aucti...
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How It Works | Formalytx
https://formalytx.com/how-it-works
Search. Find. Bid. Keys. Explore the auction process and Formalytx features to navigate your way to a new property! First, the list of properties becomes available. Then, the county hosts an auction. Tell me again how I become the new owner? Let us guide you through a typical auction purchase, showing you how we can help! Need we say more? Designed by Elegant Themes.
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FAQs | Formalytx
https://formalytx.com/how-it-works/faqs
How can the Formalytx system save me time? Once you are a subscriber you will have access to all auctions as the information becomes available. This can be 1,000’s of properties and you could have more that one auction in your area. If you were to try and research this on your own it would take 100’s of hours. If each parcel takes 10 minutes to copy and paste the data into excel (it could easily take more time than 15 minutes). A typical auction could contain 400 properties in only one auction. We do our...
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General Questions | Formalytx
https://formalytx.com/tax-auctions-101/general-questions
What is a tax sale? In the United States, anyone who owns property must pay some sort of real estate tax to the government. The taxes that are collected pay for public services, such as, hospitals, schools, law enforcement, road construction, parks and playgrounds. But, what happens if a property owner stops paying taxes? How does the county government recover this money to fund all of these services? What is a tax lien? What is a tax lien certificate? How does a tax lien auction work? In the event that ...
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