Tax Lien Certificate
What happens to the interest and penalty situation for 1st-year tax lien certificate in a multi-year redemption state? If it is a three year redemption state, and the property owner finally redeemed just a few months before the third year redemption deadline, does the first year tax lien certificate gets paid for interest and penalty for the second year and third year?
Thanks for checking out the site and writing on our forum. I recommend reading our in-depth guide to tax lien and tax deed investing. Unfortunately, we can’t answer those specific questions, but I recommend asking the office in your municipality that deals with tax deeds, usually the office of recording in city hall can point you in the right direction. If you still have further questions, it’s a good idea to consult with a local real estate attorney.
All the best,
Disclaimer: We spend hours researching and writing our articles and strive to provide accurate, up-to-date content. However, our research is meant to aid your own, and we are not acting as licensed professionals. We recommend that you consult with your own lawyer, accountant, or other licensed professional for relevant business decisions. Click here to see our full disclaimer.
Product or company names, logos, and trademarks referred to on this site belong to their respective owners.