What is the difference between the new tax lien system and the old tax certificate system?
What are the pros and cons of both
Sorry @Darryl Patterson , those two simple questions would take up over an hour to explain. In a nutshell, the tax certificate grants the investor certain rights, including that of possession and sometimes ability to make improvements. The tax lien is like the rest of the US--you buy a lien only, bidding down the redemption interest rate against other bidders. If the own does not redeem, you foreclose you lien. The consequences of those two approaches is what takes up an hour to explain.