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Excerpt:

Among the remaining delinquencies, as of Monday:

The Southwest Waterfront Development Corp. owes $152,584.62 for its property on Maine Avenue SW.

Edward Knott owes $157,316.14 for his apartment building at 3339 10th Place SE in Congress Heights.

The Marshall Heights Community Development Corp. owes $313,215.37 for 13 vacant, adjoining parcels just east of Fort Dupont Park in Southeast.

Buying a lien is generally viewed as an investment. Property owners usually pay their back taxes before the title is transferred, and lienholders are refunded their money plus interest. A lienholder can start foreclosure proceedings six months after receiving a certificate of sale, but that process often takes years and rarely results in a deed changing hands.

Read more: D.C. relaunches property tax sale
Washington Business Journal

 
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