Now that you’re the holder of the tax lien certificate, you need to know the following in order not to waste precious time and effort. If the homeowner is able to pay promptly, you can earn the interest rate set by the county. The interest is counted monthly. So, the amount of interest you’re going to receive would depend on how many months you’ve waited within the redemption period. Wait until the homeowner has paid off his tax debt.
In the event that the redemption period has come to pass, and still the homeowner hasn’t paid, you can foreclose the property and apply for the tax deed. This way you can get your return of investment.