Tax Lien Property Foreclosures

Tax Lien Property ForeclosuresProperty foreclosure is a very serious dilemma for the homeowners.  The primary reason behind it is due to unpaid taxes.  It may be dues to a government agency or loan repayments.  Tax lien foreclosures are properties that are taken over by the government authorities for non-payments of taxes, like income or property tax.

It is typical for this type of scenario for the property owner to vacate his property because of defaulting in tax payments.  The government authorities exercise mortgage rights on the property.  The process is facilitated by the US government under the law.  Then, the mortgage is follow by the sale of the property which the homeowners cannot bear to see.


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