colossallist.com colossallist.com
  Site Home :> About Us :> Add Url :> Privacy :> ToS :> Add Article
Search:   
Get 3 way links
 

Government & Politics

Software & Networking

Automobile & Automotive

Self Management

Drink & Food

Entertainment

Art & Culture

Property & Estate

Jobs & Employment

People & Society

Online Shopping

Science & Space

Home Family & Garden

Business & Companies

Fitness & Health

Relationship & Lifestyle

Teens & Kids

Issues & News

Sports & Adventure

Education & Learning

Finance & Investment

Medical Care

Indoor Games

Tour & Travel

 

Site Home –› Finance & Investment –› Taxation Law Information
 

Tax Lien Sales

 

Author: Peter Emerson

When faced with non-payment of property Tax, sometimes the County Governments offer tax sales at an auction to the public as a step toward making lost income. In the case of an auction of tax lien sales, it is actually just a certificate that is sold and a purchased and not the actual land or property.

A buyer of such a tax lien is essentially loaning money to the property owner to pay their taxes. In return, the property owner has to repay the buyer, all the taxes accrued and the sum of all penalties, and administrative cost. Failure to do so will allow the buyer to access to own the deed and the property in question.

A tax lien sale is a public sale set up as an auction, against the Countys right to collect on a delinquent taxpayer's debt. The County organizes such auctions, usually once a year. The term of sales differ from state to state as a matter of fact from County to County, too. Basically, if the said debt is not repaid towards the agreed amount rate of interest which is determined at the time of sale within a particular time period, the purchaser of the tax lien may foreclose on the property.

Different than a tax lien certificate sale, if you purchase a tax deed sale, you are not liable against any other liens, mortgages, or deeds of trust drawn on the land. You purchase the deed to property, which is completely free and clear of any other commitment.

You can contact the County for specific information and details on both about the sale and the properties. It would be prudent to gather information upon which type of sale you are attending, a tax deed or tax lien/certificate sale, because these two sales differ in term of specific rules and guidelines. You may want to find out details on the method and timeliness required for payment and delivery of a property. Getting guidance from a legal attorney and the Government agency would be a plus.

Author Bio:
Peter Emerson is a renowned writer. Peter likes to compose articles about this field.
You can also reach this article by using: tax law, tax info, income tax information, free tax information, tax refund information
 
 
 

Related Articles

 
Guide to Leading Christian Debt Consolidation Companies
 
Avoid Credit Card Debt
 
Lower Rate Finance Made Easier On Debt Consolidation Loans
 
Money - How to Master It
 
The #1 Way to Turn Bad Debt Into Good
 
Colorado State Health Insurance
 
A Look Back At Forex Trading - 4/28/06
 
Overcome Financial Hardship Through Secured Property Loan
 
What to Know About Refinancing - Eliminate Private Mortgage Insurance
 
Fulfill Your Wishes by Clever Money Management
 
 
 
   Site Home :> Privacy :> ToS
Copyright © 2008 www.colossallist.com All Rights Reserved.