Tax Lien Sale Procedural Requirements

Tax Lien Sale Procedural RequirementsThere are procedural requirements in a tax lien sale that must be followed by the authority holding the auction.  First, a notice must be provided to the homeowner.  The notice would give a warning to him that his property is going to be sold.  It also gives a chance to pay any unpaid tax debt, fees, and other charges that have accumulated in the process.  Satisfying the tax debt to the government would give the homeowner an opportunity to avoid foreclosure, and losing his property.

Another procedural requirement that is worth noticing is the right of redemption by the homeowner.  A lot of states have redemption laws.  Such laws provide the homeowner a fixed period of time to pay any tax debt he owed.  The time period starts after the property is sold at the tax lien auction.  If the homeowner is able to pay up, he remains the rightful owner of the property.

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