I know that in most cases the homeowner eventually pays it off or the lender will, but theres a small amount of them that end up staying unpaid and the person who invested in the tax lien ends up getting the property free and clear… What percent of the time does that happen?
Tags: Certificate, Certificates, Clear, Free, Getting, Lien, Lienholder, Percent, Property
Greetings,
The best source(s) for the answer to this question would be the County Tax Collectors, Treasurers’ Office, or Sheriff Tax Collectors (EX-Officio Tax Collectors), etc.
However, with that said, the actual percentages can be obtained from Tax Sale Reports, which may be obtained from anyone of the aforementioned (just ask for a copy of their Tax Sale Reports or Statistics), or Ask How Many Properties are Redeemed versus the number offered or sold to compute the percentage(s).
Also, keep in mind that, although Sold at Auctions, Tax Lien Certificates and Tax Deeds, etc., are subject to a redemption period which various from state to state. In essence, some Taxpayers will wait nearly until the final date before redeeming, so some of the reports or stats. may be slightly skewed.
My website, below, may be of further assistace to you, or you can email me, if need, at: bigiminc@yahoo.com
I hope this helps and answers your question.