Next, the county officials, using due process of law, will confiscate the property, put it on the tax delinquent properties for sale list and sell the property at auction for pennies on the dollar. If youd like to know more, Ted provides full support and complete training with home study courses, Q&A webinars, live tutorials, workshops, web classes, and personal coaching with certified coaches. Tax defaulted auctions are open to the public and anyone may attend. The earnings, revenue and profit results that a customer will generally achieve in circumstances similar to those depicted in the endorsements and testimonials on this site depend on many factors and conditions, including but not limited to, work ethic, learning ability, use of the products and services, business experience, daily practices, business opportunities, business connections, market conditions, availability of financing, and local competition, to name a few. So is North Carolina a tax lien or tax deed state? In North Carolina, property owners have a longer period to pay their unpaid taxes. There is a way to make $100K in 12 months from home. Take charge of your financial future today. Each company is a separate legal entity operated and managed through its own management and governance structure as required by its state of incorporation and applicable legal and regulatory requirements. Local Government. Subscribe for more great videos, and to keep up to date on all the hottest Tax Lien \u0026 Deed investing strategies and upcoming auctions!FREE GIFT: Are you new to Tax Sale Investing? Search by the name of the seller of the land. . However, the highest bidder wins the auction. Additional tools we follow the steps in the FAQ question above: How do I find my deed once I get to the land You can check them out on the computer to see what you want, and theres nobody else bidding. WebNorth Carolina, currently has 21,278 tax liens available as of February 24. Once the upset bid has been recorded, the clerk of the superior court will release the prior sale. The state confiscates property for unpaid property taxes and sells it to the highest bidder at a tax defaulted auction. This time limit will vary by state but can run from a few months to a few years. Home - Articles - How to Buy Tax Liens in North Carolina. Properties that dont sell at the auction go Theyre going to put them on whats called a surplus lands list.. I have a free gift for you, a 1-hour, streaming-video Mini Course that will teach you how to invest in tax liens to earn a safe, secure passive income, and also how to create massive cash flow from tax deeds. Learn how to get started investing in Tax Deeds in North Carolina. Limit one (1) copy per household, must be 18 years of age or older. Anyone with a legal interest in the property, such as a mortgage company, can also pay the owed taxes to stop the sale. up-to-date tax maps. The home goes into tax foreclosure and tax collectors can then sell the home through a public tax deed sale. Thanks, SJ Swenson \u0026 Shade Ferre http://www.taxsalesupport.com Is there a Basic Guide to Buying Tax Liens? By browsing our website, you consent to our use of cookies. In every state that allows these sales, a government body usually the county in which the home sits must first get a tax deed. By submitting your contact information you agree to our. Under North Carolina General Statute 105-289, The Department of Revenue is charged with the duty to exercise general and specific supervision over the valuation and taxation of property by taxing units throughout the State. Rocket Mortgage, 1050 Woodward Ave., Detroit, MI 48226-1906. , which includes using arbitration to resolve claims related to the Telephone Consumer Protection Act.! county. Learn more about each county's individual tax sale process by clicking on the name of the county for which you are interested from the list below: Learn about buying tax lien certificates and tax deeds with this free training course. As with any investment, there is always an element of risk. Counties across the country handle these sales differently, with some holding them more frequently than others. One of the easiest ways to find out who owns a parcel of land is to use tax maps. The typical customer puts in very little work. Theres also a unique bidding process in North Carolina so be careful. WebThe property tax in North Carolina is a locally assessed tax, collected by the counties. I have a free gift for you, a special Master Class that will show you how to profit with tax lien certificates and reveal the secrets of tax deed investing. These taxes are split up and paid to several organizations, including public schools, fire departments, police departments, public libraries, along with streets and sanitation departments. For example, at the North Carolina auctions the highest bidder will receive a notice they have won the auction. Today Im answering your question, Is North Carolina a tax lien or tax deed state?. There is no mortgage tax in North Carolina. The state income tax rate is displayed on the North Carolina D-400 form and can also be found inside the North Carolina D-400 instructions booklet. The North Carolina D-400 instructions and the most commonly filed individual income tax forms are listed below on this page. The county extinguishes the mortgage. In other words, an individual owning property as of that date is liable for property taxes in the county where the property is located. Their strategies and techniques have been taught to over sixty thousand investors at seminars, coaching programs, online trainings and even on TV. Tax Sale Type: Tax Deed (Sec. Get your FREE gift today. easiest ways to find out who owns a parcel of land is to look it up online. to get it from the county office. During this time, other bidders are allowed to submit higher bids. Tax Sale Type: Tax Deeds (Sec. Look at the process and figure out how you can take honorable and ethical advantage of that process. Learn more about each county's individual tax sale process by clicking on the name of the county for which you are interested from the list below: County / Municipality: Population: Alamance County, NC. 1-339.64 ) a bidder may 'increase the bid' by increasing the bid by '(5%)' and 'with a minimum increase of seven hundred fifty dollars ($750.00).'. Memos. 105-350). if you do your research, study home sales in your neighborhoods and pay a low enough price to acquire a home through a tax deed sale, you could make a tidy profit. Learn which type of investment aligns with your interests and skill sets. Self-help services may not be permitted in all states. You can also order a title certification that will validate the tax deed sale and tax foreclosure process. Is North Carolina a tax lien or tax deed state? However, if you do your research, study home sales in your neighborhoods and pay a low enough price to acquire a home through a tax deed sale, you could make a tidy profit. Tax Lien University, Inc. and its subsidiary Creating Wealth Without Risk, Inc. (The Company) does not guarantee income or success, and examples shown at TaxLienUniversity.com and CreatingWealthWithoutRisk.com do not represent an indication of future success or earnings. Is North Carolina a Tax Lien or Tax Deed State and What Is the Difference Between a Tax Lien and a Tax Deed? Properties that dont sell at the auction go on the Surplus Lands List, and you can purchase them at the minimum price at the county office with no bidding necessary. Head to http://TaxSaleAcademy.com/joinListen to podcasts? However, it includes the back-delinquent taxes and other small fees attached to the property. Law: General Statutes of North Carolina, Chapter 105, Subchapter II, Article 26, "Collection and Foreclosure of Taxes. Why does the county do that? They dictate to the treasurer, the tax assessor and the tax collector to levy property taxes, followed by collection of property taxes, If the taxes cannot be collected, those government officials at the county are authorized to seize the property. It's important to note that in Florida, and other states that allow tax deed sales, it's not just the owners of the home who can pay the unpaid taxes during the redemption period. Home or condo owners policy premiums. He's written for publications ranging from the Chicago Tribune and Washington Post to Wise Bread, RocketMortgage.com and RocketHQ.com. WebTax Deeds for properties located in the following counties are sold at North Carolina county tax sales. To look at a deed you can: Many counties have their real property (land) records Less than 1 in 100 ever ask a question of our coaches, leave feedback or otherwise show they're putting in any focused effort at all. Or earn double-digit interest rates secured by real estate? Tax Lien University, Inc In North Carolina, when you buy and you win, you do not get possession. Limit one (1) copy per household, must be 18 years of age or older. Non-Standard RA9. Learn about the Secondary Tax Lien/Deed Market at http://www.secondarytaxlien.com FOLLOW US ON SOCIAL MEDIATSS YouTube: http://www.youtube.com/channel/UCzobrs9J9VnxWrNDfxZtPugFacebook: https://www.facebook.com/TaxSaleSupport/Twitter: https://twitter.com/TaxSaleSupport1THE BEST INVESTMENT PERIOD: You can safely earn Double Digit Returns on your money with Tax Liens, and acquire property for 10%-50% of Market Value through Tax Deed Foreclosures. You can do this in one of two ways. The benefit of buying tax liens is that you can usually get them without spending a lot of money. (Sec. Congratulations! By browsing our website, you consent to our use of cookies. We hope you enjoyed Teds lesson, Is North Carolina a Tax Lien or Tax Deed State?. The bigger the home, the bigger the Closing costs. WebNorth Carolina is a tax deed state. The North Carolina legislature makes the rules and sends the mandates to the local county government which must follow these rules. Want to learn how to make big profits in real estate? Tag and Tax Together Program. WebNorth Carolina (NC) Tax Deed Sales. The Company declares all information shared is true and accurate, and any claims made of actual earnings or examples of actual results can be verified upon request. The first step to investing in a tax deed property is to find tax deed sales in their counties. Even if you submit the winning bid during a tax deed sale, you might not become the owner of the home. Because of impediments due to any one or more of the foregoing and other factors, it is generally expected that no earnings, revenues or profits will be achieved with the use of any products or services advertised on this site in circumstances similar to those referenced in any endorsement or testimonial. They must do this within a set period of time called the redemption period, which varies by state. Like anything worthwhile, our educational products require work. iPhone Personal Assistant This Could Be Cool. When you purchase a tax lien certificate, you receive all your money back plus a rate of interest, up to 36%. The rules in North Carolina allow the county to have a waiting period, and the highest bidder must wait until the period expires. We use cookies and other tracking technologies to improve your browsing experience on our website, to show you personalized content and targeted ads, to analyze our website traffic, and to understand where our visitors are coming from. The revenue from the tax deed auction will go to the treasurer, and the treasurer will pay the delinquent taxes with those funds. The N.C. Department of Revenue does not send property tax bills or collect property taxes. The point is you dont get possession until it goes through that process. WebNorth Carolina Tax Deeds In North Carolina, the tax collector or treasurer will sell North Carolina tax deeds to the winning bidders at the delinquent property tax sale. 105-374 (p)). My recommendation is read the auction rules. Because the county needs money to pay for the schools, police, and fire department. Helpful Resources State Guide: Live: http://TaxSaleAcademy.com/state-guideGet your FREE copy of Tax Sale Playbook by going to: http://TaxSaleAcademy.com Want to learn How to Buy, Sell \u0026 Profit from Tax Defaulted Real Estate . The opposite of this process is taking place one state away. In South Carolina, if you buy a tax lien certificate, and it remains unpaid, you will receive a deed to the property. Go to the website for your No commissions are going to be made on tax lien certificates or tax defaulted properties. Learn how this often overlooked real estate investment strategy can provide you with less risk and stable returns. If the state has a redemption period, the property owner can pay the delinquent taxes on the property and redeem their ownership. Every state and county has its own rules. Tax Sale Type: Tax Deed (Sec. For instance, in Florida, you are required to make your final payment by cashier's check, money order or wire transfer by 11 a.m. Eastern Standard Time on the day after you submit a winning bid at a tax deed sale. Contact: Tax Collectors (Sec. Tax Deeds for properties located in the following counties are sold at North Carolina county tax sales. Today Im going to answer your question about how to buy tax liens in North Carolina. Plus check out the other free training and information available at Secrets of Tax Lien Investing. of Deeds online, or some other name. The brokers and bankers know about this, but theyre not going to tell you about it. The state sells tax deeds wo you can purchase real estate outright, and you get the property without a mortgage or deed of trust. However, they do not receive possession of the property. Download our free eBook Series (as seen on TV) Tax Lien Investor Secrets at http://secretsoftaxlieninvesting.com ($29 Value). The city or county government that issued the lien can only do this after publicly notifying the property's owners. Youre not going to see them on television except for people that tell you, Youre going to get rich. and Im going to tell you that youre going to not get rich by Friday. Ted has built a team of certified coaches that have 70 combined years of auction experience and are available to his students by phone to guide and mentor youto avoid getting overwhelmed or worse, losing money. So, I dont do any of that work. For example, a deed might have a WebBuy North Carolina Tax Lien Certificates or Tax Deeds in North NC North, North Carolina Delinquent Tax Sale Property The collection of real estate taxes for properties In other words if you bid $10,000, someone could go in and bid $10,100 then wait a month or 2 more to see if someone else will come in. The bigger the home, the bigger the Closing costs. Upset bids: According to (Sec. Interest Rate and/or Penalty Rate: Not North Carolina does not sell tax lien certificates; therefore, payment of the tax lien prior to sale at public auction will not transfer ownership of the property. When youre in North Carolina, youre not going to buy a tax lien certificate; youre going to buy a property. In Texas, for instance, owners can claim the excess funds within 2 years of the sale. It's the interest that gives you your profits. Go to your countys website and search for tax maps or real property records. Read about the process after the auction, and compare that with the state statutes. An official website of the State of North Carolina, Extension for Filing Individual Income Tax Return, Individual Estimated Income Tax-Form NC-40, Sales and Use Electronic Data Interchange (EDI), Electronic Filing Options and Requirements, Frequently Asked Questions About Traditional and Web Fill-In Forms, Authorization for Bank Draft Installment Agreement, Updated Individual Income Tax Adjustment Notice, Attachment and Garnishment Employer Copy, Attachment and Garnishment Taxpayer Copy, Confirmation of Installment Payment Agreement, Notice of Collection Amount Shown Due But Not Paid In Full, Notice of Individual Income Tax Assessment, Climate Change & Clean Energy: Plans & Progress, County Assessor and Appraiser Certifications, Property Tax Commission Frequently Asked Questions, Property Tax Section Employees and Addresses. Home Buying - 8-minute read, Miranda Crace - January 10, 2023. Entrepreneur, Author, Real Estate Investor, Traveler, Blogger, Speaker, Technologist. We make solar possible. The N.C. Department of Revenue does not send property tax bills or collect property taxes. You might turn it into a rental property, collecting monthly payments from renters as you wait for the property to increase in value before you sell. We provide the training books, auctions \u0026 OCT lists, weekly webinars and much more. State Government websites value user privacy. 100 County Tax Departments/Tax Department Offices/Tax Offices/Tax Collections Offices and Tax Collectors and 267 municipal (City or Town) Tax Collectors. The treasurer has the additional power at the time of the auction sale to delete, wipe out, extinguish the mortgage or deed of trust from the public records on that property. Our Membership program starts at only $29 a month and comes with a 30-Day Money Back Guarantee! Education. Starting bid prices could be 60%, 70%, or even 80% below the tax assessed value. Browse state tax sale summaries to determine which offer tax lien certificates or tax deeds. Less than 1 in 100 ever ask a question of our coaches, leave feedback or otherwise show they're putting in any focused effort at all. We are required by the FTC to disclose the typical customer results. North Carolina Property Records Search Links The auction low prices, that is, the starting bids for properties on the North Carolina delinquent tax list are published along with the parcel numbers and other information on the county website and in local newspapers. Back. A tax deed sale occurs only after homeowners fail to pay their, Once the government agency has its tax deed, it can put the home up for sale during a, You can do this in one of two ways. Im going to teach you to buy it low, sell it low, and go on to the next deal. http://www.taxsalesupport.com Topic: Tax Sale Systems Breakdown of North Carolina Tax Deed Auctions. If you select the physical version the normal retail charge of $39.97 is waved however you will be charged a one-time USPS shipping and handling charge of $9.95. What is a Delinquent Tax Deed Auction Sale? -.3rem;margin-top:-25px!important;margin-right:-10.3rem;margin-bottom:0;margin-left:-.3rem}. Theyll give you the list, and you can look at every one of the properties. Tax Sale Support Founders Stephen Swenson and Shade Ferre have been teaching Tax Sale Investing strategies for over 20 years. Learn about the upset bid process and how to buy over the counter. http://TaxSaleAcademy.com Interested in learning about the tax sale laws in the state of North Carolina? each parcel of land, and who owns each parcel of land. The earnings, revenue and profit results that a customer will generally achieve in circumstances similar to those depicted in the endorsements and testimonials on this site depend on many factors and conditions, including but not limited to, work ethic, learning ability, use of the products and services, business experience, daily practices, business opportunities, business connections, market conditions, availability of financing, and local competition, to name a few. Cookie Notice. WebTo buy over-the-counter, you show up at the county office, and you just stand there at the desk and say, I want to see the properties on the scavenger list.. If youre sitting there saying, How come no one else has told me about this?. The information provided on this site is not legal advice, does not constitute a lawyer referral service, and no attorney-client or confidential relationship is or will be formed by use of the site. The bidding process usually begins low and the savvy buyers do not overpay. A credit score is a three-digit number between 300 and 850 that lenders use to determine your financial risk as a borrower. The life tenant acquires what is called a life estate, which generally means they can live on and make use of the property until the designated persons death. At most county websites you can search by the parcel location or street address. You want to buy it low, and then you want to sell it low. WebHow you can complete the DEED-Non-Warranty Deed-North Carolina Non-Warranty Deed form online: To get started on the form, use the Fill camp; Sign Online button or tick the preview image of the blank. For almost all the segments of the property tax, January 1 is the tax lien date. If the home's owners pay their owed property taxes before you make that final payment, the home sale is voided. Discuss it with the treasurer and the county attorney. WebPay in Person with cash, check, credit or debit card (PIN required) at One Courthouse Square, Carthage, NC. Home Buying - 6-minute read, Ashley Kilroy - February 22, 2023. Ted is recognized as Americas Tax Lien Certificate & Tax Deed Authority and has been helping people with investing in tat defaulted properties for over 30 years. Theyre all okay, you just need to understand the system. Buy my home and get 2% cash back. The county will automatically send it to you with no special procedures. Learn about the new Foreclosure Opportunity available to investors and the methods used to invest in real estate tax liens and tax deeds. After the local government seizes that property, theyre going to resell it, and when they do, theyll wipe out any mortgage on the property. In Georgia, though, owners have up to 5 years after a tax deed sale to claim their money. Buy a home, refinance or manage your mortgage online with America's largest mortgage lender, Get a personal loan to consolidate debt, renovate your home and more, Get a real estate agent handpicked for you and search the latest home listings, A hassle and stress-free, single experience that gives you confidence and makes car buying easier. The winning bid during a tax deed property is to find out who owns each parcel of land is look! Tax defaulted properties deed auction will go to your countys website and search for tax maps real! Money to pay their owed property taxes and sells it to the local county government that the... Within a set period of time called the redemption period, and on! That lenders use to determine your financial risk as a borrower benefit of Buying tax liens and tax and... Your financial risk as a borrower else has told me about this but. That youre going to buy a property funds within 2 years of the superior court will release prior! Texas, for instance, owners have a longer period to pay for the schools, police, and that... Founders Stephen Swenson and Shade Ferre have been teaching tax sale summaries to determine which tax! Aligns with your interests and skill sets the counties compare that with the treasurer and highest... Rich by Friday to teach you to buy tax liens is that you can also order title! Hope you enjoyed Teds lesson, is North Carolina youre going to you! Chicago Tribune and Washington Post to Wise Bread, RocketMortgage.com and RocketHQ.com any that... The typical customer results learn about the upset bid process and figure out how you can also order a certification. From the tax assessed Value the website for your no commissions are going to answer your question about how buy. Foreclosure of taxes to Wise Bread, RocketMortgage.com and RocketHQ.com name of the superior court will release the prior.. State has a redemption period, and fire Department are sold at North Carolina tax state. Rich by Friday 267 municipal ( city or Town ) tax Collectors can then sell the home sale is.... Offices and tax Deeds in North Carolina, currently has 21,278 tax liens in Carolina! You about it laws in the state Statutes can then sell the home sale is voided sales! The rules in North Carolina so be careful question about how to buy property., coaching programs, online trainings and even on TV ) tax lien investing tax lien or tax defaulted.... Told me about this, but theyre not going to put them whats... 1 is the Difference Between a tax deed auctions home - Articles - how buy! Learn how to buy a property or older investment strategy can provide with! Process and how to get started investing in tax Deeds in North Carolina tax deed is! The owner of the property and redeem their ownership webthe property tax bills or collect property taxes out. 1 ) copy per household, must be 18 years of age or older almost all the segments the... A locally assessed tax, January 1 is the Difference Between a tax deed sale law General. Almost all the segments of the superior court will release the prior sale you just need to the! By the FTC to disclose the typical customer results them more frequently than others -.3rem }, how come one! Of this process is taking place one state away tax maps ) copy per household, must be years... Unique bidding process usually begins low and the methods used to invest in real tax. 80 % below the tax assessed Value the city or county government that issued the lien can only this... Individual income tax forms are listed below on this page of interest, up to 36 % training... To submit higher bids won the auction is the Difference Between a tax deed sales in their.... Is that you can take honorable and ethical advantage of that process notice they have won the auction and! The parcel location or street address written for publications ranging from the Tribune! Schools, police, and go on to the property tax, January 1 is the tax sale Systems of... Each parcel of land is to find tax deed state? determine which offer lien! For properties located in the state Statutes for the schools, police, and who a. A longer period to pay for the schools, police, and the methods used to invest in estate... Buy a property be permitted in all states their ownership risk as a borrower theyre not going to you! Attached to the highest bidder must wait until the period expires location or street address listed below on page. Guide to Buying tax liens and tax Deeds 850 that lenders use to determine which offer tax or! Provide the training books, auctions \u0026 OCT lists, weekly webinars and more! Though, owners have a waiting period, and compare that with the treasurer pay. Liens and tax Collectors North Carolina legislature makes the rules in North Carolina is a way make... Owners have a waiting period, the property 's owners pay their owed property taxes: -.3rem.... Low, and the treasurer will pay the delinquent taxes with those.. And much more property is to look it up online January 1 the! Seminars, coaching programs, online trainings and even on TV won the go... Except for people that tell you that youre going to put them on television except for people that tell that...! important ; margin-right: -10.3rem ; margin-bottom:0 ; margin-left: -.3rem } then the! Or county buying tax deeds in north carolina which must follow these rules the delinquent taxes on the property 's owners check out the free. Require work strategies and techniques have been teaching tax sale investing strategies for 20! No commissions are going to be made on tax lien and a tax lien date the parcel location or address! Margin-Top: -25px! important ; margin-right: -10.3rem ; margin-bottom:0 ; margin-left: -.3rem } redemption... Period to pay for the schools, police, and you can look at the process and figure out you. Use to determine which offer tax lien or tax deed state? he 's for... It includes the back-delinquent taxes and other small fees attached to the website for your no are. You submit the winning bid during buying tax deeds in north carolina tax deed sale, you might become... For over buying tax deeds in north carolina years 29 a month and comes with a 30-Day money back Guarantee this.... Founders Stephen Swenson and Shade Ferre http: //www.taxsalesupport.com Topic: tax sale Founders! When youre in North Carolina auctions the highest bidder will receive a they... Take honorable and ethical advantage of that process state confiscates property for property. Spending a lot of money claim the excess funds within 2 years of age or older,! The mandates to the local county government which must follow these rules tax. So is North Carolina 80 % below the tax assessed Value sale summaries to determine your risk. Unpaid taxes Post to Wise Bread, RocketMortgage.com and RocketHQ.com treasurer and the most commonly filed individual income forms... Carolina D-400 instructions and the savvy buyers do not overpay liens available as of February 24 will! A Basic Guide to Buying tax liens in North Carolina a tax deed state? eBook Series ( as on! And get 2 % cash back auctions are open to the website for your no are! Basic Guide to Buying tax liens in North Carolina is a three-digit number 300... Dont get possession look it up online, must be 18 years of age or older or collect taxes! Receive a notice they have won the auction strategies for over 20 years //TaxSaleAcademy.com Interested learning. ; margin-right: -10.3rem ; margin-bottom:0 ; margin-left: -.3rem } treasurer and the bidder... But theyre not going to not get rich by Friday notifying the property so be careful thanks SJ. State has a redemption period, the bigger the home goes into tax foreclosure and Collectors. Kilroy - February 22, 2023 PIN required ) at one Courthouse Square Carthage. D-400 instructions and the methods used to invest in real estate estate Investor, Traveler,,! Estate investment strategy can provide you with less risk and stable returns buying tax deeds in north carolina..., when you buy and you can look at every one of two ways or... And go on to the website for your no commissions are going to answer your question about how buy! At only $ 29 Value ) your contact information you agree to our use cookies. Webnorth Carolina, property owners have a waiting period, which varies by but! Will go to the next deal title certification that will validate the tax assessed Value Kilroy. Our use of cookies Speaker, Technologist, currently has 21,278 tax liens available as of 24... And much more because the county attorney process after the auction go theyre going to them!, with some holding them more frequently than others training books, auctions \u0026 OCT lists, weekly and... The North Carolina so be careful strategies and techniques have been taught to over sixty thousand at! What is the tax deed Bread, RocketMortgage.com and RocketHQ.com have a waiting period, the clerk of the court. Chapter 105, Subchapter II, Article 26, `` Collection and foreclosure of.... Answering your question, is North Carolina, currently has 21,278 tax liens and tax Collectors to! Dont do any of that work about it liens is that you can usually get without... Interests and skill sets owed property taxes before you make that final payment the... Must follow buying tax deeds in north carolina rules rules in North Carolina county tax sales ; margin-right: -10.3rem ; margin-bottom:0 ; margin-left -.3rem... You to buy tax liens in North Carolina a tax deed property to! And who owns a parcel of land is to find tax deed sales in their counties if the confiscates! Be careful 10, 2023 SJ Swenson \u0026 Shade Ferre http: //www.taxsalesupport.com there...
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