Florida Tax Deed-Sourced Land Seller Financing Guide
Property Source Disclosure
Angel REI Properties LLC’s inventory is acquired through Florida county tax deed sales and offered for resale to buyers.
Tax deed-sourced properties can be affordable, but buyers should carefully verify title history, taxes, liens, easements, restrictions, zoning, access, utilities, flood zone, survey needs, HOA/POA, building requirements, and intended use before purchasing.
Angel REI Properties LLC is a private seller and is not a county, tax collector, county clerk, auction platform, title company, law firm, or government agency.
Angel REI Properties LLC offers seller financing on select affordable Florida land when available. Our inventory is acquired through Florida county tax deed sales and then offered for resale to buyers through a clear process.
Seller financing can help buyers purchase land without a bank loan, but buyers still need to complete due diligence before moving forward.
This guide explains how seller financing works with Angel REI Properties LLC.
This page is for general education only. It is not legal, tax, title, survey, or investment advice. Buyers should verify all property details with the county, title professionals, surveyors, utility providers, attorneys, and other qualified professionals before purchasing land.
- Where does Angel REI Properties LLC get its land inventory?
Angel REI Properties LLC acquires properties through Florida county tax deed sales.
After acquisition, selected properties are offered for resale through cash purchase or seller financing when available.
Because tax deed-sourced properties can have unique title history, recorded easements, restrictions, county rules, access questions, utility considerations, or other due diligence items, buyers should carefully verify all property details before entering into a seller financing agreement.
- Am I buying from the county or from Angel REI Properties LLC?
You are buying from Angel REI Properties LLC as a private seller.
You are not buying directly from the county, county clerk, county tax collector, auction platform, or government agency.
Angel REI Properties LLC previously acquired the property through a Florida county tax deed sale and is now offering the property for resale under the terms provided.
- What type of contract am I signing?
You are signing an Agreement for Deed, also known as a Land Contract.
For privacy and security reasons, the full Agreement for Deed is not recorded publicly. Instead, Angel REI Properties LLC records a Memorandum of Agreement for Deed in the county where the property is located.
The Memorandum gives public notice that a valid contract exists. It does not transfer legal title.
- Do I legally own the property after signing?
Not yet.
During the contract:
You receive possession and use rights.
You receive equitable interest in the property.
Legal title remains with Angel REI Properties LLC until the contract is paid in full.
After final payment:
A Special Warranty Deed is signed and recorded.
Legal title transfers after payoff and deed recording.
- Why does the Property Appraiser show my name as owner?
The county Property Appraiser may update records for tax purposes after the Memorandum is recorded.
However, this does not mean you hold legal title.
Legal ownership transfers only after the final payment is made and the deed is signed and recorded.
- What does tax deed-sourced property mean for seller financing?
It means the property was originally acquired by Angel REI Properties LLC through a Florida county tax deed sale before being offered for resale.
This does not change your responsibility to complete due diligence. Buyers should verify:
Title history
APN or parcel number
Legal description
Zoning and allowed uses
Road access and ingress/egress
Utilities, well, septic, and power availability
Flood zone and wetlands
Property taxes and assessments
HOA/POA status
Survey needs
Recorded easements and restrictions
Building requirements and intended use
Do not assume a property is buildable, financeable, insurable, or suitable for your intended use without verification.
- What is the interest rate?
The interest rate is:
15% per year
Calculated using a 360-day year
Simple interest, not compounded
- How are monthly payments made?
All payments are managed through Terra Notes.
Buyers must:
Create a Terra Notes account.
Set up their payment portal.
Authorize automatic payments by ACH bank transfer or credit card.
- What does my monthly payment include?
Your monthly payment includes:
Principal
15% interest
Property taxes collected monthly
$10 servicing fee
$5 transaction fee for ACH or credit card
You do not pay property taxes separately during the seller financing term. Angel REI Properties LLC collects taxes monthly to help keep them current.
- Is there a down payment?
Yes.
A $500 down payment is required to reserve the property and begin the contract process.
- What is the 15-day due diligence period?
After your $500 down payment, you have 15 days to inspect and research the property.
During this period, you should verify title, taxes, zoning, access, utilities, flood zone, wetlands, survey needs, HOA/POA status, county rules, and intended use.
You may cancel within the 15-day period for a refund according to the agreement terms. After the 15-day due diligence period, the deposit becomes non-refundable.
- What happens if I make a late payment?
If a payment is more than 10 days late:
A $25 late fee applies.
A $5 per day fee applies thereafter until paid.
Timely payments are required to maintain your contract rights.
- What happens if I stop making payments?
If payment is unpaid for 14 days, you are in default.
You will receive a Notice of Default.
If the default is not cured:
The contract may be terminated.
You may lose possession rights.
Payments made may be forfeited.
Collateral may be enforced under Florida law.
- What is collateral and why is it required?
Because this is private seller financing with no bank involved, Angel REI Properties LLC requires additional collateral to reduce default risk.
Collateral may include:
A vehicle
Trailer or mobile home
Other land
Other personal property owned free and clear
Angel REI Properties LLC executes a Security Agreement and records a UCC-1 lien with the State of Florida.
You keep full use of your collateral as long as payments are current.
After the loan is paid in full:
A lien release is issued.
A UCC-3 termination is filed with the State.
- Can I use the land while making payments?
Yes, after the required documents are signed and the Memorandum is recorded, you may visit and use the land.
You must comply with county zoning, building rules, land use restrictions, environmental rules, and any applicable HOA/POA requirements.
Permanent construction is recommended only after full ownership and only after verifying all county requirements.
- Can I sell the land before paying it off?
No.
During the contract term, you cannot:
Sell
Transfer
Assign
Lease-option
Mortgage
the property without written approval.
- Who pays property taxes?
You do.
However, Angel REI Properties LLC collects property taxes monthly within your payment to help prevent delinquency.
- Is the land sold with warranties?
No.
All land is sold as-is.
Buyers must complete their own due diligence during the 15-day period. Angel REI Properties LLC does not guarantee buildability, zoning approval, utility availability, permits, title insurance approval, financing approval, appreciation, resale value, rental income, or suitability for any specific use.
- Why is financing more expensive than cash?
Seller financing includes:
Higher risk to the seller
No bank approval process
No credit check
Flexible underwriting
Administrative servicing costs
Risk of default
Payment tracking
Tax collection and servicing
Cash buyers assume no financing risk, so cash pricing is lower.
- Do I need a lawyer?
Angel REI Properties LLC recommends consulting a Florida real estate attorney before signing any legal document.
This seller financing program is designed to be simple and transparent, but legal review is always encouraged.
Legal Disclaimer
This FAQ is for informational purposes only and does not constitute legal advice.
Angel REI Properties LLC is not a law firm, title company, tax advisor, surveyor, engineer, utility provider, zoning authority, or government agency.
All transactions are governed by Florida law. Buyers are encouraged to consult an attorney before entering into any binding agreement.
Recording a Memorandum of Agreement for Deed does not transfer legal title. Legal title transfers only upon full payment and recording of a deed.
Failure to comply with payment terms may result in contract termination and enforcement of collateral rights.
Still have questions?
Contact Angel REI Properties LLC or review our Cash Buyer Guide, Due Diligence Checklist, and available Florida land listings.