This article by ForeclosureDeals.Com contains essential knowledge about tax liens, and the impact that they have on parties to a property deal.

1. Getting Rid of
a Tax Lien
When the owner of a property fails to pay the Contents
Introduction…………...................……...1
taxes owing on it - or for that matter their
Impact on the Owner......................…2
personal income tax - the authorities can Impact on a Buyer..............................2
place a hold on it until the bill is settled. Getting Rid of Tax Liens.....................2
Impact of Bad Credit Records….......3
Getting rid of a tax lien on a property may be
simple, but it can be difficult if you do not
have the money.

2. 2
Impact on the Owner
While an owner with a tax lien may put the property on
the market and even sell it, the lien is on the property
itself and runs with it. Few buyers will entertain this idea
seriously, especially if the lien is for a large amount of
money.
Impact on a Buyer
The purchaser of a property with a tax lien theoretically owes the seller’s tax, and will
face the same problem as the previous owner did if they decide to sell. Some speculators
buy bad debt. Wise homeowners should rather not.
Getting Rid of Tax Liens
There are two ways to eliminate a tax lien. One is to pay the
authorities back their tax. This is easy when you have the
money. The other way to get rid of a tax lien is to wait for it
to expire. This can take up to ten years, after which the
original debtor will still retain their bad credit record.

3. Impact of Bad Credit Records 3
A bad credit record arising from a tax lien can prevent
you from buying a house at ForeclosureDeals.com. This is
a burden that you do not need to carry with you through
life. Our advice is to negotiate with the tax authority and
agree a repayment plan that both of you can
accommodate.
Getting rid of a tax lien on a property is usually essential
Foreclosure Deals before selling real estate. A buyer is wise to insist that this
12550 Biscayne Blvd, 306, North be done before ownership is passed. If the amount is
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