First redemption 2012
Well the check for the first lien redemption came the other week. The owner of the mixed commercial/apartment building paid off his tax lien in April. I bought the certificate in February and it was for 2 years of taxes.
Made $52.06 in interest on a $5,206.47. Kind of makes the calculation easy that way - 1% for 2 months (6% annualized). Beats the heck out of a savings or money market fund.