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Source:
The Columbus Dispatch
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Investors Acquire Ohio Property Tax Debts
Investors across Ohio purchased record amounts of delinquent property tax debts last year, gaining the right to collect overdue payments plus up to 18% interest, including through foreclosure in some cases. These sales, authorized since 1998, are viewed by counties as an efficient enforcement tool but have faced criticism for potentially predatory practices, especially toward vulnerable homeowners. Some lawmakers propose restricting such lien sales to protect residents, citing concerns about high interest rates and displacement, while counties defend the sales as necessary to recover revenue and manage delinquent taxes.
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