Oct 7, 2015
1:46:58pm
1:46:58pm
What is the interest rate?
In AZ, the bid on a tax lien is actually an interest rate. For example, the opening bid is 16% interest, and subsequent bidders can bid lower interest rates. The winning bidder is the one who bids the lowest interest rate.
Is that the way it works where you are located? If so, what is the starting bid? At what interest rate do most parcels end up at?
Is that the way it works where you are located? If so, what is the starting bid? At what interest rate do most parcels end up at?
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