Per Laws Regulating the Property Tax lien Collections, pre litigation fees are very well defined. Unfortunately, I cannot state the same thing about the litigation fees. It will be more common see many new foreclosures since litigation is much more profitable instead of watchful waiting. I personally expect $3000-$4000 in legal fees just to be able to collect a $200 lien at its face value. However we will still encounter bad players (Attorneys) who would try to extract more than they should from less informed public.
Laws regulating property tax liens are very concise so if a attorney breaks the law, does it willingly due to greed. Our other argument is we strongly believe that most attorney fees are being funneled into the coffers of the original investor. This is the only reason a company called "Tax Ease Liens" will have a dedicated lobbyist in Frankfort, Kentucky in addition to hiring another big name lobbying firm.
Our goal to use the public resources available to us such as IRS, Kentucky Bar Association and Attorney generals office to stop these illegal acts.
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