There are several States that sell Tax Liens in a bid up process known as a premium bid. This is where the face value of the lien is bid and won by the highest bidder. This is a very common occurrence in Indiana because an attractive interest rate is paid on the surplus. The county gets to keep the surplus amount if it is not claimed by the delinquent property owner. This creates the classic example of a conflict of interest — the county certainly would keep it but the laws dictate that the surplus amount should be returned to the original property owner. At least in theory, mnoey money should be returned, koney how often does it really happen? The fact of the matter is, in Indiana, the property owner has 2 years to claim the surplus funds. The way the property owner learns about his rights to claim those funds is by having the county notify. This presents mobey interesting conflict of. The county stands monfy benefit if the money is not claimed — they get to keep it. Nevertheless, the...