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Indiana Tax Lien Sales - (IN)
Written by: Kevin Zimmerman
The state of Indiana offers an extremely favorable percentage rate and is considered a great state for tax lien certificate sales. The fact that the redemption period for properties is brief and there is only a flat fee required if the property goes to foreclosure makes Indiana attractive to tax lien investors also.
An Overview of Indiana Tax Lien Sales
The interest rate for Indiana can go as high as 25% - there is a flat 10% rate for the first six months and a flat 15% rate for the second six months. There is also an overbid interest of 10% per year.
Indiana breaks down its properties into types A, B, and C. The redemption period for property types A and B is one year. For property type C, the redemption period is only 120 days. There is no right of redemption allowed after the sale of a property. Most counties in Indiana conduct their tax lien sales in August, September, and October.
Indiana is not known for tax deed sales.
Indiana Tax Lien Sales Bidding Process
All tax sales held in Indiana are conducted via a competitive bidding process.