Buying A Lien On A House -

The homeowner is given a "redemption period" (often 1–3 years) to pay you back with interest. Interest rates can be quite high, sometimes ranging from 5% to 36% depending on state laws.

You pay the taxes owed plus any interest and penalties. buying a lien on a house

Buying a lien on a house, often called , involves paying a property owner's overdue taxes to the local government in exchange for a legal claim against the property . This process is different from buying the house itself; instead, you are essentially acting as the lender for the unpaid debt. How Tax Lien Investing Works The homeowner is given a "redemption period" (often