What does LAFT stand for?

LAFT, or L.A.F.T., stands for Lands Available For Taxes

Are these State owned property?

No. Tax Deed Sales are held on a County level. LAFT properties are still titled to the tax payer until they are either redeemed, purchased or escheat to the County.

Are LAFT’s publicly owned property?

No. They are in fact Private Property. So, just walking onto, entering into, or otherwise being at a LAFT property could result in trespass issues, or even criminal issues if you were to enter without authorization of the owner.

How did LAFT property come to be?

LAFT’s are the properties that did not sale at the County held Tax Deed Sale. The Tax Lien Certificate holder (aka Cert Holder) did not wish to complete the acquisition after it did not sell at that auction. These properties were not redeemed by the owner prior to that period in time either. In essence these are abandoned sales, not necessarily abandoned property, just the sale has not been completed as of yet.

When do LAFT properties become available to the Public?

By Florida Statute they must be set aside for the first ninety (90) days after the sale date. Some Counties count it differently since there isn’t absolute language defining when that ninety days begins, so some County Attorney’s have used their own interpretation of when that date begins. This period is for special entities to claim an interest in the property. Maybe a City needs that spot for a playground for the community, etc.

How long do they stay as a LAFT?

Florida Statutes also rules that the County has three (3) years after the sale date for a LAFT property, not purchased or redeemed prior to that point, to escheat to the County.

What is ESCHEAT?

Escheat is a term that means the County has the ability to take ownership of that property. At that time the property will become a County owned property and either they put it to use or sell it off as surplus lands.

Where can I get more information on this subject?

There are all kinds of data sources on the internet, which mostly leave it up to you to interpret the data they present. My first start into Tax Deed Sales was back in 1997 and I purchased a “course” (loosely used) that gave information for all Fifty States. It was simply too vague to be really useful. That “course” cost me $500.00 back then. It provided about as much data as could hang an investor out to dry. Plus, back then, records weren’t online – at all. You had to go to each County Courthouse and dig up their sales, the records, and then deal with in a face to face way each department to get all your answers. Imagine doing that for 20 properties a month, much less a week. It was a great learning experience though. But now you don’t have to go through that struggle, and my experience will benefit your efforts for now and into the future.

I’m developing a course via the main part of this website on how to LearnTaxDeeds. It will be entirely online. These folks dragging people out to Courthouses and such do it because they need to make you feel you’re getting your money’s worth because they are mostly giving free data away at very expensive prices. Plus they’re offering one trick pony info, whereas I plan to offer a well rounded information platform, just in case one thing is slow at the time, or maybe the market has swung left when you were dealing on the right. You need to have more than that one pony in case she gets tired and you need to saddle up on a different ride. After 37 years of being in the real estate industry I’ve seen a thing or two.

So go ahead and find out more of what is being offered via the course and why using this source is a great way to LearnTaxDeeds. As soon as I launch the course I’ll let you know, and as a Member of The LAFT Out-Loud System™ you’ll get first seat and a huge discount as a pioneer student member. Plus it will be a forever course, meaning for as long as it’s being taught you have a seat. In the mean time we’ll start doing web meetings so we can learn together.

CLICK HERE NOW TO LearnTaxDeeds