After Owner Redeems, Do You Get Principal +surplus+ Interest...
For tax liens in DC, i read that you get your principal cost of the lien + interest, but what about the surplus. For example:
if the lien amount is $1800
my bid is $2500
surplus amount: $700
do i get the entire amount of my bid back ($2500) plus interest, or do I only get the lien amount (1800) plus interest and loose my surplus? Thanks!!
if the lien amount is $1800
my bid is $2500
surplus amount: $700
do i get the entire amount of my bid back ($2500) plus interest, or do I only get the lien amount (1800) plus interest and loose my surplus? Thanks!!
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Thanks for the info. I believe that DC is a high-premium bid state..........as oppose to Florida, which is a bid down the interest state.