What is the Tax Title Lien Sale?
The Tax Title Lien Sale is held once a year through the Tax Collector’s Office. This office sells lien certificates on parcels that have tax balances due from the prior year. Anyone may attend the sale and place a bid to secure a lien certificate. The bidding is on the interest charge, starting out at 18% and going down from there to the collection of premiums. Be advised as a successful bidder, however, you are not purchasing the property, you are purchasing a lien certificate on the property, giving you only the right to remit tax payments. After holding the lien certificate for two years and remitting tax payments, you may retain an attorney to initiate foreclosure, leading to ownership to the property. However, the owner of the property has the right to redeem your lien within those two years, refunding you your tax payments plus the interest charge you purchased the lien certificate for. If you are interested in participating in our lien sale, for investment purposes, it might be
