Tax Lien List
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A Tax Lien List is a record of all the properties against which a penalty or lien has been imposed on account of the property ownerís failure to pay the property tax. Once a lien has been issued against a property, it becomes part of the financial history of that piece of property and can never be erased from the records. Even when the property owner pays back the lien amount, the record will still contain the details of the lien and in addition the details of the settlement of the lien. Therefore it is absolutely important for property owners to pay their property taxes on time in order to prevent the possibility of the government imposing a lien on their property.
There are thousands of counties spread across the different states of the country and each county has a record of all the liens currently filed against properties. This is known as a tax lien list and is a highly sought after piece of information for potential investors interested in either investing in the lien or in the property itself. Tax liens are a very lucrative form of investment that a specialized group of real estate investors indulge in. Since the rate of interest on a tax lien is quite high and since the investment made is quite safe and unaffected by economic factors, many investors see tax liens as a mode of investment with a high ROI value.
A tax lien list is maintained by the county authorities and is made available to virtually anyone interested in viewing them. Quite a number of investors regularly browse these lists looking for potential bargains. While most of these lists are maintained on paper, many of them are also available online for scrutiny. Once a year, most often in February, an auction is conducted by each county in which these tax liens are sold to interested investors. People who miss these auctions can also purchase these liens at a later date since many of them remain unsold during the auction. People interested in tax liens and foreclosure sales need to keep a constant eye on these tax lien lists before competitors snatch away the most valuable liens and properties in the county.
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