All Forum Posts by: Robert Sims

@Denise Evans Thank you!  This is exactly the information I was searching for!

@Denise Evans  Could you shed some light on my question above?  Thanks!

Newbie Scenario Question:  Person A purchases a Tax Lien Certificate during the first year it is purchased by the State for $500.  Person A assigns TLC to Person B for $1000 three months later.  Three months after that, Original Owner wants to redeem the property.

Questions:

1. When OO redeems, do they just redeem for the amount of the TLC plus 8% annual penalty? ($500 + 8% annual penalty)

2. When OO redeems, is Person A responsible for giving Person B the difference of their investment back?

Thank you for answering this nudging question for me.  It will help me make some decisions going forward.

Great question! Newbie here as well!

Hi Liliana,  I don't know anything about NY, but I did search out of curiosity.  It appears to me that each county in NY has their own list that you can see online.  I found this one for Albany County, NY.  link

I hope that helps!  Good Luck!

@Nfrtari Ramesra thanks for reaching out! Would you mind sharing?

@Nfrtari Ramesra Thank you for reaching out!  Please share if you don't mind!  Thank you!

Assigning it means I can sell it for a profit...right?  Just not for more than the back taxes + 8% per year...is this correct?

Anyone have any information as to how to assign Tax Lien Certificates in Jefferson County Alabama?  How to?  As mentioned above, I have just purchased two vacant lots...one in Ensley on Avenue I and the other in Hueytown.

Thanks in advance!

@Darryl Dixon Just sent you a dm....Thank You!