What are IRS Real Estate Auctions

In our previous articles, we had discussed and understood the mechanics of Tax Lien on real estates, which basically, involves two types. The tax lien certificates where a bidder/buyer bought the unpaid or delinquent taxes of a foreclosed property as investment. The other is the Tax Deed Sale where the winning bidder or buyer practically, bought and paid for the property itself by paying the delinquent taxes plus some penalties and value on the property imposed by the taxing authority. Basically, a bigger sum of money is needed in a Tax Deed sale.