What is a Tax Lien?
August 28th, 2006 • Related • Filed Under
As more and more homeowners are facing financial pressure on their homes, the use of tax liens to acquire distressed properties is going to increase. Typically, when a property owner is late on paying real property taxes, the local taxing authority will issue a a tax lien on that person’s property.
If you live in certain states, the tax lien can be purchased and then sold. It also will serve as the first lien on the property.
The sale of tax liens for back taxes is becoming common and will continue to be a way to acquire property relatively cheaply.
My mom told me to put the statue in the ground, just seems wrong to me but I did it. ...
What about RE/MAX Commercial? Where this classification came from?
I am pretty sure RE/MAX Commercial in volume sales must be above ...
Well Tom, once again you have said it much better than I could have. Unfortunately the folks at Move, ...
It certainly does not bode well for a fast recovery in the economic climate. This will affect all real estate ...
I HAVE 25 YEARS EXPERIENCE IN TELECOMMUNICATIONS..HOW DO I APPLY AT KAI. 
Definitely not a fan of Move Inc.!!! 
A lot of you really need to go back to kindergarten and learn to spell correctly. If you cannot spell ...
In 2008, there was an extension to push first-time home buyers to purchase their homes quickly since the program did ...
I also need HELP and don't know what to do about my problem. I have a garden apartment off ...
I have the same situation. I sold my home in July and am scheduled to to close in a few ...
Comment by Kathy on 28 September 2006:
I hold a Certificate of Purchase on a piece of property that I have been paying the taxes on for 3 years. Does anyone know how I go about foreclosing on the property?? Thanks.
Comment by Edward Carmin on 11 October 2006:
Kathy, While I have not had the fortune to be able to foreclose on someone I can offer some advice. It depends on what state the property is in. I bought this tax lien investor package from http://www.govtaxliens.com that has specific information in it by state.
Comment by darryll on 31 May 2007:
i would like to know how to place a lien on a piece of property seconds after paying the taxes on it so when the time comes to foreclose on it ill be in the best position to take the property if not i at least get my moneyback