Tax Lien Certificate Interest After Redemption Period?

[David Schilder]

I am looking at a portfolio of Florida tax lien certificates that are being sold through the Tax Lien Vault (www.taxlienvault.com). They provide tax lien lists for different states on their site but also sell tax liens on consignment that were originally purchased by hedge funds. I was thinking to invest $20K in six tax liens that would average 14.7%. However my concern is that three of these tax liens were issued in 2008 and the other three in 2010, so the redemption periods (2 years for Florida) have been exceeded. Since I have no desire to acquire these properties just to collect the interest on the certificates I asked the broker why he would propose certificates that have gone beyond the redemption period. He said that even though the redemption period has passed the certificates continue to accrue interest until the actual 7 year expiration date. Can anyone confirm whether tax lien certificates do continue to accrue interest after the redemption period has passed until the certificate expires, in this case 7 years?