Tax Lien

Glossary, Operations

Government entities place liens against properties to compel the owners to pay back taxes. If the taxes remain unpaid, then that lien may be used to seize the collateral (property). When you buy a property tax lien, you pay for the right to collect the lien and associated fees and interest, or, after the redemption period, begin the foreclosure process on the property.

Related Posts


Submit a Comment