The Real-Estate Experts

Tax Lien

Tax Lien

Tax Lien: Understanding the Concept and its Implications

A tax lien is a legal claim by the government on a property due to the owner's outstanding tax debt. When a property owner fails to pay their taxes, the government can place a lien on the property as a way to secure the payment of the debt. The lien gives the government the right to take possession of the property and sell it to recover the outstanding taxes owed. The process of placing a tax lien on a...

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