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A Wave of Zoning Law Changes Could Have Huge Impacts for Investors and Housing—Here’s What You Need to Know
The U.S. is facing a housing deficit of about 3.2 million units, and the situation is especially dire in urban areas like New York. It’s one of the reasons prospective homebuyers are finding […]
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Foreclosures
HomeForumsForeclosureshow to calculate interest to reedeem
Liliana Lopez's profile image
Liliana Lopez's profile image
Liliana Lopez
  • from Pinson, Alabama
  • Member since Dec 15, 2016
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Liliana Lopez's profile image
Liliana Lopez's profile image
Liliana Lopez
  • from Pinson, Alabama
  • Member since Dec 15, 2016
Connect
Liliana Lopez
  • Pinson, AL
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Foreclosures

how to calculate interest to reedeem

Liliana Lopez
  • Pinson, AL
Posted Dec 16 2016, 05:22

I bought a tax lien certificate in 2014, in Aug 2016 I got the tax deed which i recorded it on my name. A week ago i got a letter from the an attorney saying the former owner wants to redeem and to send him the amount that he needs to pay me. i know he has to pay me what i paid plus 12% interest/annum. How do I calculate the interest? 

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