tax lien

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Related to tax lien: Tax Lien Certificates

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.
The NTLA works with municipalities and legislators to promote safeguards in tax lien sale programs to protect consumers, especially the elderly, indigent and disabled, supporting such measures as: minimum tax lien thresholds, installment payment plans, capped foreclosure fees; government ombudsman, lien swaps, and lien buy back protections.
color) Juergen Rinnert shows three tax liens invalidated by the county tax collector.
The Court upheld the earlier ruling that the tax lien against the trust was valid.
The tax lien purchaser is much more likely to ensure that future taxes are paid on the property in order to protect the full value of the investment.
Tax lien securitization is accomplished through the creation of a trust which purchases outstanding liens of one or more jurisdictions.
First, the Senate Committee on Finance expressly anticipated the issuance of regulations deeming economic performance to occur in respect of state and local property taxes "at the time the tax lien attaches or the time the tax is assessed.
Homeowners can request that FTB allow the new or modified loan to have priority over the tax lien.
Learn how to have the best most reputable tax lien and deed investing agents in the industry invest for clients in some of the most profitable states.
3, 2014 /PRNewswire/ --E[sz]Jack Nelson, President and CEO of Propel Financial Services, Texas' largest property tax lien financing company, stated today that he hopes lawmakers will heed a new report in support of the tax lien financing industry as a means for helping thousands of Texans avoid foreclosure and costly penalties due to delinquent property taxes.
A Little Rock woman was recently hit with her second million-dollar federal tax lien.