Tax Lien interest (too good to believe?!)

[Jack Raine]

I have the most basic question (I understand the "basics" of Georgia tax sales):

So, a property owner needs to pay the sale price plus 20% interest on a tax sale I purchase at auction in order to redeem it. Is that "sale price" the opening bid, or the final auction price? I've looked everywhere I can think.ot, including these forums, to answer the question but can't find a clear one. It seems to me that this price must be the starting bid...? Correct? Ie if it is listed as $1000 and sells for $2000 the redeemer would need to pay $2200 to me? As opposed if it were the final auction price they'd owe me $2400 (20% of 2000)?

the follow up question is whether or not it's possible to recover your "own" excess funds?

Thanks for helping out a dummy. 

Jack

[Tom Gimer]

I found the below blog entry from a GA attorney who handles these. Pretty informative for someone just getting into this...

https://kimandbagwell.com/pitfalls-for-the-inexperienced-geo...

And on another thread (https://www.biggerpockets.com/forums/61/topics/1152882-tax-d...) there was an interesting point made by @Sam Bagwell (I wonder if the above is his firm -- likely)... if you engage an attorney to handle the debarment and the property is redeemed, you can end up upside down even with the 20%.