Difference between revisions of "Buy a Tax Lien Certificate"
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A tax lien is often filed by a local government against a property owner who has failed to pay property taxes. The government agency involved will issue a public certificate stating the amount of unpaid taxes and verifying that a lien has been placed on the property. Often the agency will elect to sell such a certificate to a private investor in order to get some of the money due them without having to pursue the property owner. If the property owner later pays the tax (with interest), the payment goes to the investor. As with any investment, there are risks in buying lien certificates. If you're considering this type of investment, keep the following information in mind. | A tax lien is often filed by a local government against a property owner who has failed to pay property taxes. The government agency involved will issue a public certificate stating the amount of unpaid taxes and verifying that a lien has been placed on the property. Often the agency will elect to sell such a certificate to a private investor in order to get some of the money due them without having to pursue the property owner. If the property owner later pays the tax (with interest), the payment goes to the investor. As with any investment, there are risks in buying lien certificates. If you're considering this type of investment, keep the following information in mind. | ||
| − | [[Category:Buying Property]] | + | [[Category: Buying Property]] |
== Steps == | == Steps == | ||
===Getting Started=== | ===Getting Started=== | ||
