Government tax lien certificates gives right to investor for property owner owed amount
June 7th, 2008 | by admin |If the property owner decides to ignore and not pay his/her bill the government then applies a lien against said property thus the term government tax lien certificates comes about. Almost everyone has heard about foreclosures but not too many have heard about tax lien foreclosures. A certificate purchase is when you would pay the back taxes on property for the owner, set back and wait for the owner to finally come around and pay his bill, which happens over 98% of the time. The government has attached a lien (certificate) against a taxpayer's property due to taxes not being paid on time; meaning the government will sell a certificate to the highest bidder who then will pay the property taxes for the owner who can not or will not. This certificate gives the investor the right to collect total amount owed by the property owner and any penalty interest the property owner must pay for not paying his debt on time.
