BluegrassForeclosure.com

Great article from the Courier-Journal:  Despite being on the books since the 1940s, tax liens sales are relatively new in Kentucky, said Tom Crawford of the Kentucky Department of Revenue.

In 2004, American Tax Funding, a Jupiter, Fla., company that calls itself “the nation’s leading” bulk-buyer of tax liens, hired a lobbyist and convinced the Kentucky General Assembly to let it and other tax lien buyers add attorneys’ fees to the liens, said Jim Ballinger, a Louisville attorney who represents American Tax Funding.

That made tax lien investing more attractive because legal costs no longer threatened to eat into profits.

“Before that, nobody really bothered with them. They were just sitting there and sitting there,” Ballinger said.

Christian County Attorney Mike Foster, who has been heavily involved in refining tax sale laws, added that investors saw the 12 percent interest rate on tax debt, which is written into state law, as a return that was hard to beat.