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When I invest in a Tax Lien and the property owner doesn’t pay within the redemption period, what happens?

April 26, 2017doesn’t happens invest lien owner pay period Property redemption tax

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When I invest in a Tax Lien and the property owner doesn’t pay within the redemption period, what happens?

1 Answer

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10 Posted

If the property owner does not pay the back taxes to the county, the holder of the Tax Lien then has the right to foreclose on the property. This does not mean that you must initiate foreclosure as you may choose to leave your original investment in to keep gaining interest.