"Parties Of Interest" Vs. "Interested Parties"
Hello,
Have a sticky situation developing in Maryland more and more. The City Solicitor of Baltimore City is playing supreme court with the law. I always understood that it was "Parties of Interest" e.g. hiers, condo assoc., tenants with lease, lenders etc. Now they (city) seem to be accepting "Interested Parties" e.g. man across the street, the wino sleeping in the house or at the local shelter, women who drives by on the way to church every Sunday, you get the point. Anyone can now come in under "Interested Parties" and redeem the property. Take it off the tax sale list and cancel the cert. At that point they can do what they want with it other than take immediate title, but that can come later. This variation is allowing those without a legal documented tie to the property step in and gum up the works for Tax Lien investors. This has happened and is on the increase.
What do you guys have to say or suggest to stop/avoid this.
I have one lien at great risk of this tactic.[ Edited by javic on Date 07/10/2005 ]
check out some of the other postings for the Polk county sale and that should answer most of your questions. If not, feel free to email me.