3 ms·
You are correct, they buy the lien and have to foreclose later. I'm still curious what myname would propose as an alternative collection scheme. The article me
by xsmasher 13y ago
You are correct, they buy the lien and have to foreclose later.
I'm still curious what myname would propose as an alternative collection scheme. The article mentions that Michigan stopped doing tax lien sales, so I checked up on what they do now:
https://www.tax-sale.info/html/index/page/general https://www.tax-sale.info/html/index/page/general
SPOILER: > The properties are then sold by deed at auction.
Not much of an improvement over the lien process; just a faster foreclosure.