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Tax Certificates and Financial Reorganization

August 14, 2013 - Sylvia Heldreth
I understand that a property owner can forgo paying property taxes causing a tax certificate sale to occur which results in a tax lien on his property. But because he has two years before the certificate holder can demand that the property be sold at a tax deed auction, the property owner can pay off other higher interest debts, get financially reorganized and redeem the tax certificate that he owed for an interest rate that is lower than his other debts. I understand that this can be an investment for the person who purchases the certificate but not paying property taxes as a part of a financial reorganization strategy seems wrong to some people.

What do you think?


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