Joyce B. Lewis

A tax lien is a legal claim that is placed on a property by a government entity for unpaid property taxes. If a property owner fails to pay their property taxes, the government can place a lien on the property and ultimately foreclose on it if the taxes remain unpaid. There are several causes of tax liens , including failure to pay property taxes, inheritance disputes, and unpaid debts owed to the government. In some cases, purchasing tax lien properties can be a profitable investment opportunity for those looking to invest in real estate. Here are some things to consider before purchasing a tax lien property: Research the property Before purchasing a tax lien property, it's important to do your due diligence and research the property thoroughly. This includes researching the property's history, the amount of the tax lien, and any other liens or encumbrances on the property. Understand the process It's essential to understand the process of purchasing tax lien properties be...

  Removing a lien from your property can be a daunting task. A lien is a legal claim on a property that allows someone else to have a financial interest. Liens can be placed on a property for various reasons, but unpaid taxes are the most common. If a lien is placed on your property, it can be difficult to sell or refinance it until you remove it. Fortunately, there are several steps you can take to remove a lien from your property. The first step is to contact the lienholder. Contacting the lienholder will allow you to negotiate payment of the debt and/or removal of the lien. If the lienholder is willing to negotiate, you can remove the lien without paying the debt in full. If the lienholder is unwilling to negotiate, you may need to file a petition for lien removal in court. This can be a complex and time-consuming process. You will need to provide evidence that the lien was placed in error or that there is some other cause for the lien to be removed. You will also need to provid...

Since liens are public, anyone can access the lien taxpayer list. Here's how to find these "tax resolutions companies" quickly after a lien has been filed against your property. You purchase a publicly filed list of tax liens and gain access to all of your personal information. Many of these "tax resolution scams" are run by people posing as the IRS, and they try to extort money from people by getting their basic information from lien documents. In addition, all major credit bureaus monitor county records for tax deposit information, which will be included on your credit report. Anyone who has ever had a tax lien knows that filing a lien can significantly impact your credit score. The information will remain on your credit report for at least seven years, plus any liens released after they are paid in full will remain on your file. Lien means that the taxpayer is unable to pay a large financial obligation. Tax liens take precedence over other security interests,...