摘要 |
An electronic, online, secondary marketplace for tax liens in which a marketplace server receives details of a tax-lien certificate put up for sale by a certificate owner. The owner supplies certificate details including the amount of taxes, penalties, premiums and interest currently due, an interest rate associated with the certificate, the property on which the lien is secured, the expiry date of the redemption period of the certificate, and an asking price. On request from a second user, the certificate details are sent to them. The second user may submit a bid price. If the bid price is acceptable to the first user, beneficial ownership of the tax-lien certificate is transferred to the 2nd user upon payment of the agreed price, and completion of legal formalities. If not, an auction bidding process may continue until a price is agreed upon, or one party drops out of the auction. |