Return on investment on Tax lein
I did have a question about Tax leins:
Does the home owner has to pay interest on just the taxable amount that they ownedd to the county or do they have to pay interest on entire amount the bidder bid on the property tax lein?
eg:, if you bid 20K on an Tax lein on home that owes only 1000 in Taxes, does the owner pay you back
1) 20K + interst
2) 1K + interest
3) 19K + ( 1K + Interest on 1K)