What is a Tax Sale and How Can a Tax Sale Attorney Help?
Failing to do your responsibility as a homeowner in paying your property tax will lead to a tax sale, in which you would eventually lose your property. If you are wondering where the money you pay for a property tax goes, then you should know that these funds are utilized in medical services, local government operation, police/fire protection, local education, and the building of local infrastructure. This is the reason why the government is very particular with taxes in general.
The government can put your house on the list of properties for a tax deed sale or a tax lien sale. The delinquent tax becomes a collectible once the government puts your property on the sales list.
Laws from each state regarding the tax sales are unique. Local governments are oftentimes free to just hold a tax sale, no verdict whatsoever from the court, that is the reason property taxes are urgently paid. Your property gets recorded in the local government for available tax sales, and they publish your property in the newspapers’ tax sales. Once the tax sale is finalized, a notice will be given to you regarding it. Interested persons attend the property’s bidding where they have to exceed the property’s value that includes all of the penalties the owner has to pay. If you won the bidding you get tax deed or a tax lien certificate, which was mentioned earlier.
The proceedings of a tax deed involves the selling of a property and its ownership rights to someone. Through a tax deed a person will acquire a property on a tax sale.
What happens in a tax lien certification is that the authorities put the taxation rights of a property on sale. Through a tax lien certification, a person will acquire all of the property owner’s due taxes and penalties to be paid to the government. If there is a failure on the homeowner’s side to pay the tax lien certificate-holder of all the penalties, the certificate-holder has the right to do the necessary steps to acquire the property instead.
You have to get a tax sale attorney’s assistance for such cases. He or she can help save your property from a tax deed sale or tax lien sale.
The redemption process of your property can be hastened by a tax sale lawyer. A lawyer will inform you to pay the purchase of all the money spent for the purchase of your property’s deed. If the redemption period takes place before the bidding, the lawyer can tell you of that as well. You can also consult a tax sale lawyer to set aside a sale through loopholes that might be present in the tax sale.
A tax lien sale can be countered by your lawyer as well, who would give you proper advice. Redeeming a tax lien sale is no different than the tax deed sale.