Consult with an attorney in your state to learn the maximum interest rate allowed for this type of debt. Also, charge-off is not used in this context commonly, so I am unsure what you mean when you use that term. I suspect you mean foreclosure. If my theory is correct, then you should be working with an attorney on this matter to be certain you preserve your rights and protect yourself from potential liabilities.
However, if by your question, "What interest do I have in the property?" you mean, "What are my rights to the properties where I purchased the property tax liens?" then that, too, is a question for an attorney in your state. A person (or government) that owns a property tax lien has the right to foreclose on the property in some states. Again, this is a question you should ask an attorney, who will be able to review your documentation, ask probing questions, and advise you precisely.
I hope this information helps you Find. Learn & Save.
Best,
Bill
Loading more commentsSince you don't have facebook, please provide us with your location and a valid email address so we can answer it. Without a valid email address,we can't reply. (Go back to login with Facebook)
Due to the high volume of comments received, we cannot publish and/or respond to every comment received. If you have a specific question, we recommend you search our site for an answer before commenting.
* Bills.com will not share, sell, lend, or make public your e-mail address. We reserve the right to delete any questions or comments that violate the Bills.com terms of service.
We get a lot of comments! Before commenting, we ask you to do 2 things:
Log in
Like us
Submit your comment!
Due to the high volume of comments received, we cannot publish and/or respond to every comment received. If you have a specific question, we recommend you search our site for an answer before commenting.
* Bills.com will not share, sell, lend, or make public your e-mail address. We reserve the right to delete any questions or comments that violate the Bills.com terms of service.
Thank you for your comment. Your comment will be posted shortly.
No Comments