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Classifications of liens?
There are few types: construction, security, tax, judgment, artisan... you should check your state statutes (lien laws) for the types of liens and the requirements for each. Most state statutes are available online.
Tax Lien priority in foreclosure?
Well it depends on what type of Tax lien we are talking about. But first rule of thumb, liens have priority based on Irs Tax liens are prioritized like most other liens, by date of recordation. Actually IRS liens can fall further down the list based on when perfected.....but all in all, IRS tax liens do not supercede other legal liens State Tax Liens can superced tax liens depending upon State laws but stilll are subordinate to all other previously filed legal liens. Property Tax liens take priority over all liens, regardless or recordation, perfection, etc. Think of it this way, when you buy property, property taxes are an inherent obligation that attaches as soon as the ink on the deed is dry. There's no attorney on earth that can record a mortgage lien that fast!
Can medical delinquent bills take your state tax refund?
Medical bills are usually collected through garnishments, liens, and attachments. Tax returns are usually taken to pay old tax debts.
how do you look up tax liens?
HOW DO YOU LOOK UP TAX LIENS
Does a tax lien stay on property forever?
A tax lien does not stay with property, it follows the person. (State and Federal Tax Liens) Other types follow the property....Abstracts of Judgment, Mechanics Liens.....also voluntary liens such as Deeds of Trust, those follow the property as well.
How do you remove a state tax lien which was discharged in Ch 7 bankruptcy 3 years ago?
State statutes govern the execution and/or the lifting of liens against real property. Therefore you will need to consult the laws of your state of residency.
How do you remove a tax lien?
Tax liens will only be removed after they have been paid, been discharged through bankruptcy or the time to collect (statutes) have expired.
need a list of current tax liens?
can you show me a list of current tax liens in Baltimore, Md.
Are liens valid after a tax foreclosure sale?
Tax liens, especially real estate tax liens, take priority. Other liens, such as judgment liens, take a back seat. A property tax taking is often for much less than the property value, and if the debtor does not redeem the property by paying the tax due, the tax sale buyer gets a huge bonus. The other liens, including mortgages, go away, but the debtor still owes the money.
Is a statutory lien an involuntary lien?
Yes. Statutory liens include tax liens, mechanic's liens, judgment liens, etc.
Why are tax liens considered to be risky?
Tax liens can be risky for many reasons. They are attractive because they can offer high rates of return but investors need to be aware that they are also very risky. Your responsibilities as a tax lien holder vary from state to state so a lot of research may be required. Tax liens also expire so you have to stay on top of managing them. After you acquire a tax lien you may need to pay the property taxes so that no-one else can acquire it moving forward.
What is difference between state tax lien and tax warrants?
They are essentially the same thing. Some states call them liens, some call them warrants.
