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Updated almost 6 years ago,
Tax Liens --- Worst case scenarios
I purchased my 1st tax lien (Lake County, IN) in last year's tax sale. Though, I've hired a lawyer to comply with the deadlines and notifications within the 1 year redemption period; I waited almost until a week before the 1st deadline to do so.
Now I'm nervous that I won't be in compliance with Indiana's eviction process because I haven't given my lawyer enough time. She has assured me, on more than one occasion, that she'll be able to comply. I still can't shake the anxiety. It's my first RE investment purchase and it's teaching me a valuable lesson in procrastination.
My question is this: Is there a scenario in which my tax certificate can become complete worthless due to improper eviction process? If I don't comply, will I just get my money back?
My lawyer appears very competent....I'm just putting the question in the forum for a 2nd (3rd,4th,5th) opinion.