Following the expiration of a statutory period, unpaid tax liens are typically sold at public auction where interestedbidders seek to acquire the lien at a favorable interest rate that the delinquent homeowner will pay upon redemption.
"The process of bidding, looking at results and strategizing with our clients to figure out their next move can be constant, consuming and all-encompassing, " says Herman, Towerstream's outside legal counsel, who is also representing several other biddersinterested in different geographic areas.