Organized Acceleration Partnership Program

A tax lien is a legal claim placed on an individual’s property by the local or municipal government when the owner hasn’t paid a property tax debt. So let’s say an owner of a house, building or any land doesn’t pay their property taxes to the local government within the appropriate time. As a result, the government creates a tax lien certificate and places a lien on the property. The tax lien certificate includes the amount of unpaid taxes due along with interest and other possible penalties. The property owner is then given a specified period to pay the outstanding balance before the foreclosure process begins. A tax lien is a warning from the government that the property owner must pay their taxes.