Currently, we are working with numerous taxing districts (cities, counties, municipalities and
school districts, etc.) and using non-profit entities (Luzerne County Redevelopment Authority,
Northwest Pennsylvania Incubator Association, Redevelopment Authority of The City of
Scranton, Redevelopment Authority of The City of Harrisburg) to buy their delinquent real
estate tax liens.
We obtain from the County Tax Claim Bureau or delinquent tax collector the current estimated
real estate tax liens and use this information to provide immediate cash and revenue for the
taxing district. As part of our program, the taxing district sells its delinquent real estate tax
liens to a non-profit entity. The regular and delinquent taxpayer see absolutely no change in
the process of collecting delinquent taxes. If the taxing district decides to continue the
program, each succeeding year, the new liens are automatically purchased again, providing
additional revenue to the taxing district at that time.
Our program causes absolutely no interruption to the operations of the County Tax Claim
Bureau or it’s outside tax collector. As before, the Tax Claim Bureau or servicer continues to
service the accounts (i.e., perform the sale process, notification process, etc.) and continues
all statutory functions. The only difference is that the Bureau remits the collections to the
Public Authority or agency. The Tax Claim Bureau or servicer continues to retain all collection
fees generated in connection with the collection of county, municipality, & school taxes. After
the taxing district adopts a resolution authorizing the sale, closing typically take place as
quickly as 30 days.
This program assures that the school district or municipality continues to receive all the
penalties and accrued interest on the delinquent taxes they have always received, and more
important, does not disturb the collection process unless the taxing district initiates a change in
the enforcement process of the tax liens.