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No. You’re buying a Rhode Island property tax investment.
It’s an interest-bearing investment that matures in one year and returns up to 16% (10% instant then after six months, 1%/mo. until paid).
Yes. It’s secured by the associated property.
When the investment matures, petition the Superior Court of Rhode Island to foreclose redemption and secure ownership in the amount equal to your bid.
The lowest percentage of ownership bid wins!
Pay online or, if you prefer to pay by wire transfer, call us at (888)-387-8033.
Payments are made within 24 hours of winning.
No. All sales are final.
The Tax Collector’s Office will contact and pay you.
Payments are made when the debt is repaid.