If pre-payments are allowed, we will calculate/accrue the interest monthly to account for the changes in principal over a 1-year term.

Out of curiosity what advantage does a turn key provider provide over just paying market price for a house in good condition and hiring a PM?

Yes, interest accrues for as long as the cert is active and not redeemed

Hey just out of curiosity how did your real estate journey workout ?

@Sarah Coxout of curiosity, why do you put "investor from hammond, in" under your profile? 

Ask the law firm what the penalties are and how much they accrue each month.My guess is mother became sick and went into a nursing home and the home got her accepted by Medicare which then required her to list her assets, and Medicare then put a lien on the house.

I was not sure how that accruing interest owed worked, whether the interest rate applies to only the initial loan amount, or is reassessed each month or year as more and more is owed to the lender.

Out of curiosity, what does your net income look like on your property? 

At the end of the term (12 months), the $50,000 of principal (and any accrued interest) would be due.

If you're using a creative strategy or have options that may benefit them (other than close quickly for more cash than the other guys) you just might pique their curiosity and get that call.