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Tax
Lien
A
lien placed on something or someone
that is in tax delinquency.
For example, if you own a
home but do not pay your property
taxes, the county will often place a
lien on your property for the amount
of taxes owed plus any penalties and
interest.
Before you can sell or
transfer this property, you must pay
this tax lien to clear the title.
Also, the IRS may place a
lien on a person and any property
they own if they fail to pay federal
income taxes
Counties
issue the most widely known tax
liens to property owners that do not
pay their property taxes.
If these liens are not paid
off in a specified period of time,
then in some counties the debt is
sold to investors using an
instrument called a tax lien
certificate.
These certificates are sold
at tax sale auctions.
Discover
the most comprehensive tax lien
certificate and tax deed sale
investing product on the market
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