After Owner Redeems, Do You Get Principal +surplus+ Interest...

For tax liens in DC, i read that you get your principal cost of the lien + interest, but what about the surplus. For example:



if the lien amount is $1800

my bid is $2500

surplus amount: $700



do i get the entire amount of my bid back ($2500) plus interest, or do I only get the lien amount (1800) plus interest and loose my surplus? Thanks!!

Comments(1)

  • marshas_liens3rd July, 2006

    Thanks for the info. I believe that DC is a high-premium bid state..........as oppose to Florida, which is a bid down the interest state.

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