tax lien
IRS property hold
A tax lien is a legal claim a government places on property when the owner fails to pay taxes owed.
The lien gives the government priority over other creditors and can prevent the property from being sold or refinanced until the debt is satisfied.
The IRS placed a tax lien on his house for unpaid income taxes.
Tax liens can severely damage credit ratings.
- IRSFederal tax collector
- back taxesPreviously unpaid government dues
- encumbranceHindrance or legal claim
- mortgageSecured home loan
- title searchInvestigation of property ownership
certificate · creditor · lienholder · cloud on title · land records · municipal taxes · public auction · real estate investor · payment plan · debt collection · settlement agreement · county · government · claim · interest · sheriff · delinquent · title
- money troublesdebt relief, bad debt, bankruptcy filing, paycheck to paycheck, struggling
- mortgagesfixed-rate mortgage, mortgage broker, adjustable-rate mortgage, mortgage payment, mortgage insurance
- legal enforcementarrest, arrest warrant, bench warrant, court order, garnishment
- property recordsproperty deed, deed, deed of trust, title, trust deed
- property taxesrates, property assessment, property appraisal, assessed value, local rates
- tax enforcementIRS, revenue agent, levy, back taxes, seizure
property debt lifecycle
tax lientax foreclosure
Property taken for unpaid levies
tax sale · tax deed · property seizure · foreclosure · sheriff's sale