Tax Lien Certificate Facts You Need to Know

Tax Lien Certificate Facts You Need to KnowThere are homeowners who either forget to pay their tax responsibilities or intentionally avoid it. In cases like this, the county is going to issue tax liens on the property of the delinquent taxpayer. When the tax liens are imposed, it becomes a great opportunity for you to secure the tax lien certificate by bidding in auctions conducted by the county.

After successfully bidding in an auction, you would get the tax lien certificate. This does not grant you the ownership of the property yet. This means for the moment that the delinquent homeowner needs to pay his tax debt or lose the property. The title of the property can only be awarded to you after several months or years, if the homeowner is unable to make his payments. Therefore, it is important to hold on to your tax lien certificate since it is a wonderful option on a worthwhile investment.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s