2 ms·
Are tax liens different from other kinds? It's my impression that if e.g. a lender repossesses, they sell the house, pocket what you owe plus fees, and have to
by helmut_hed 13y ago
Are tax liens different from other kinds? It's my impression that if e.g. a lender repossesses, they sell the house, pocket what you owe plus fees, and have to give you the rest back. It's strange to think it would be different for unpaid property taxes. Was Coleman truly "left with nothing" or did he get a portion of the sale proceeds?
- fnordfnordfnord 13y agoThe rights of the tax lien holder trump any other claims, AFAIK. That's one reason that mortgagors want you to escrow your annual property taxes with them. edit: IRS liens in effect before the sale go with the property, and can delay the new owner in getting a title policy.
- deleted 13y ago[deleted]