I attended last years tax foreclosure auction and bought a 9 acre parcel last year. This years auction had more people and more properties, but fewer bidders. I was one of maybe 12 people to bid on properties, and generally speaking the properties went for a higher price.
You have to not pay your property taxes for 3-5 years before it gets auctioned by the county, and I often wonder what the story is about some of the properties. Any amount bid over the past-due taxes is held by the county and will be sent to the previous owner of the property, but only for 3 years, and you have to request the refund, else the county keeps it.
If no one bids on the property, the county assumes ownership.
Neighboring properties have small cabins or gazebos.
I don't know what to make of the crowd this time. There's definitely more people with money these days, but the majority of the crowd was there to witness i think, not to bid. The economic woes that have hit the rest of the country so hard are just being felt in the Seattle area; next years auction should be interesting.
10 hours ago