Getting to Know Tax Lien

By dhinternational  /  November 19, 2014 / Comments Off on Getting to Know Tax Lien

Getting to Know Tax LienWhat is a tax lien? If you are new to this type of property investment, then let’s get your started by reading the following information below.

A lien is filed on a delinquent property by the government for non-payment of property taxes by the homeowner. The local government or county sell the lien of the property at a public auction. You become the owner of the lien if you choose to bid for it and win. If the homeowner chooses not to redeem his property intentionally or unintentionally for personal reasons, you get your return of investment. This way, you receive interest on the unpaid tax plus any penalties put up on the property. You would definitely gain a good profit out of this lucrative investment.

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