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Updated about 8 years ago,
Missouri Tax Lien Question
So this may be a dumb question, but I'm having trouble finding the answer or maybe it's just not clicking. I know in Missouri you buy the tax lien and the owner of the property has 1 year to pay it back plus simple interest on the amount owed and fees. What happens with the money that is bid above and beyond to purchase the tax lien? Does it go in an escrow account through the county and you're paid pack if they pay the delinquent taxes? Do you "forfeit" that money if you take ownership?