tax lien

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Tax lien

The right of the government to enforce a claim against the property of a person owing taxes.

Tax Lien

A claim on private property by a government that allows that government to take over and sell the property until it recovers what its owner owes in taxes. That is, if a taxpayer does not pay the appropriate amount in taxes and steadfastly refuses to do so, the government has the right to confiscate and sell his/her property until it takes in what the taxpayer owes. An investor may buy a tax lien from the government.

tax lien

(1) A statutory claim on specific real property for ad valorem or other property taxes; the lien is automatic and nothing regarding a particular property needs to be filed.The tax lien has priority over all other liens—even a mortgage filed before the taxes became due.(2) A claim on all real property of a taxpayer within a certain geographical area, usually a county or parish, because of unpaid federal or state taxes. The lien attaches when the lien documents are filed with the local recording office,and not before.Even though an IRS lien does not take priority over a prior-recorded mortgage,a mortgage lender who fails to give proper foreclosure notice to the IRS may find the property still subject to the lien,even after foreclosure.

References in periodicals archive ?
The following tax lien information is recorded in Chelan and Douglas counties:
The replay will be posted on the Tax Lien Investing Tips blog at http://TaxLienInvestingTips.
23, 2014 /PRNewswire-USNewswire/ -- The National Tax Lien Association (NTLA) will host its fall symposium in the nation's capitol October 23-24 at the Willard Intercontinental Hotel to give industry professionals from the public and private sectors the opportunity to learn and network.
When the Rinnerts applied for a credit card, they were surprised to discover a property tax lien.
The district court, however, sided with the IRS and ruled the tax liens were valid and Rohn's disclaimer was fraudulent.
Municipalities look for swift answers to this problem in order to meet the needs of the taxpayers they serve, and for many, the answer has become increasingly clear--privatization of delinquent tax liens.
The sale of tax liens has proven beneficial for governments that are able to use this approach.
FTB can generally grant relief from state tax liens within two weeks for financially distressed homeowners trying to sell or refinance their homes.
Learn the ins and outs of investing in tax liens and tax deeds online with Joanne Musa, the Tax Lien Lady, known online as America's most trusted tax lien investing expert.
17, 2014 /PRNewswire/ -- Propel Financial Services President and CEO Jack Nelson has told regulators in Austin that the state should modify existing rules to make it easier and even more affordable for Texans to pay their delinquent property tax bills using tax lien transfers.
We couldn't reach Beard for comment, and we're not sure what she does or what caused the tax liens.
First Hallmark Mortgage Corporation has created a program to help homeowners pay off municipal tax liens through mortgage refinancing, announced Bruno Viscariello, president of First Hallmark.