Posted on: 05th Sep, 2009 06:48 am
what about tax liens
a tax lien is a way to legally guarantee that an individual, business or lender will be paid for a debt, by placing a restriction on the debtor's property, which limits them from transferring its title
when a property owner is late on paying real property taxes, the county or municipality will issue a a tax lien on that person's property. Certain states allow the tax lien to become a first lien on the property, which is then turned around and sold at auction as a tax lien certificate.
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and so on...
A Tax Lien, or Tax Certificate Sale is a public sale, usually at auction, of the right to collect on a delinquent taxpayer's debt. This sale is held by the County, generally once each year.
a tax lien is not a sale in any way, shape or form. a lien is an encumbrance on property; there is no specificity that the lien leads to a sale at all.
please re-read your wonderland dictionary again, catharin
please re-read your wonderland dictionary again, catharin