Updated almost 3 years ago on . Most recent reply
Tax Certificate Sales - Is 1/4% worth it?
So I finally found some records on past tax certificate sales in my area. A VAST majority for them went for 0.25% (18% is the starting bid).
What's the logic in this? If the owners pays the tax it's hardly worth the effort for 1/4%. Are the hoping to wait the 2 years then foreclose and own the property outright?