On the recordMay 10, 2017
There is no rational reason, if you think about it, why a superior tax lien would be having an interest rate of 10, 11, 12 percent when a lien subordinate to it is going at 4 percent or 5 percent.
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congress.govMelvin Watt: “There is no rational reason, if you think about it, why a superior tax lien would be having an interest rate of 10, 11…”
Editor's note · Context
Watt discusses irrational interest rates in tax liens versus subordinate liens.
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