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When this happens, the owner of the tax lien has the right to foreclose on the property and take ownership of the home. Tax liens: Tax liens are filed due to unpaid taxes, including local property tax liens and those filed by the IRS for missed federal tax payments. The most obvious example of this is a tax lien. If there is a federal tax lien on your home, you must satisfy the lien before you can sell or refinance your home. Involuntary liens are placed on the property by others for unpaid obligations. Also, in the event of a foreclosure, your tax lien results in you successfully acquiring the property. Normally, if you have equity in your property, the tax lien is paid (in part or in whole depending on the equity) out of the sales proceeds at the time of closing. The collector doesn't want a lien, however. Other forms of tax debt can also lead to a tax lien on the property. You can potentially hit the jackpot with a minimal investment in a tax lien, resulting in you becoming the property owner. There‘s also the "super lien," which involves being behind on homeowner association fees. They do this by first placing a tax lien on the property and then foreclosing. The types of tax liens vary. “Federal tax liens need to be satisfied via payment; however, there are circumstances in which the IRS will grant a partial release for the particular property, or there may be an opportunity to obtain a certificate of discharge which will release the property but not the lien itself,” advises Stitgen. The lien is the amount owed and must be paid in order for the sale or refinancing of the property to go through. But sometimes, the property owner does not ultimately pay the tax lien. For example, if you don’t pay your property taxes for a set number of years, the county will foreclose on your property. Tax liens offer many opportunities for you to earn above average returns on your investment dollars. 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. A lien is placed on a property when the homeowner fails to pay annual property taxes to the state or local government. There are a number of options to satisfy the tax lien. Buying these properties in "tax deed sales" can be … Counties across the United States charge real estate taxes. A tax lien is a claim against property in order to secure the payment of taxes. After a certain period of time, if the back taxes are not paid, the property can be seized and sold to pay the debt.   Thus, tax lien investing can be one way to acquire properties for less than they would normally be worth on the open market. You could have a federal tax lien on your house, but you could also have a state tax lien or a tax lien from your county or city. 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