Nicholas Cavato

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A real property tax lien shall be awarded to the person who pays the whole amount of delinquent taxes, interest, penalties, and charges due on the property and who in addition offers to accept the lowest rate of interest on the amount so paid to redeem the property from the sale, which may not exceed “sixteen per cent per year simple until paid,” and “a fraction of a month is counted as a whole month.”
The 16% Solution: How to Get High Interest Rates in a Low-Interest World with Tax Lien Certificates
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