WebOct 20, 2024 · At a tax lien auction, the winning bidder is whoever bids the lowest rate of interest on the debt. After the sale, the purchaser gets a tax certificate and becomes the owner of the lien. Oh. Rev. Code Sec. 5721.38 After the tax lien sale, you get one year to pay off all lien charges and interest property. WebJun 15, 2024 · The Internal Revenue Code requires that seized property be sold by Public Auction or Sealed Bid Auction. Either way, the auction is open to the public and bidding is …
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