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A tax lien sale is a method many states use to force an owner to pay unpaid taxes.The highest bidder gets the lien against the property. The tax collector uses the money earned at the tax lien sale to compensate for unpaid back taxes. The homeowner has to pay back the lien holder, plus interest, or face foreclosure.

In California, you generally have five years to get current on delinquent property taxes. Otherwise, you could lose your home in a tax sale.

This means that if the lender forecloses, the federal tax lien on the homebut not the debt itselfwill be wiped out in the foreclosure. If there are any excess proceeds after the foreclosure sale, the IRS may seek to recover that money and apply it to the outstanding debt.

Foreclosure Eliminates Liens, Not Debt Following a first-mortgage foreclosure, all junior liens (including a second mortgage and any junior judgment liens) are extinguished and the liens are removed from the property title.

Normally, because property tax liens are superior to all other liens, their foreclosure eliminates all junior liens, including those for mortgages. Occasionally, buyers of tax-foreclosed properties have discovered that the property actually carries a surviving mortgage lien.

Pay Back Taxes in Year 1. If you're able, it's best to pay back any missed taxes in the first year of tax delinquency. Pay Back Taxes in Year 2. If you were unable to pay back the property taxes you owe in the first year, you still have a chance to avoid tax foreclosure. Sell Your Home.

If all attempts to collect on the delinquent taxes have been exhausted and the redemption period expires, the lien holder can initiate a judicial foreclosure proceeding against the property itself. The court then orders a foreclosure auction be held to collect the money to satisfy the unpaid tax lien.

The taxes will be paid by your lender. After your lender forecloses, all sums that you owed, including the taxes, are satisfied by the transfer of the property to the lender under a foreclosure deed. The property taxes are actually a debt against the property, not against you personally.

Rhode Island Petition to Foreclose Tax Lien

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What happens when someone buys your tax lien?

How long does a tax foreclosure take?

Do tax liens survive foreclosure?

What liens are extinguished by tax foreclosure?

Does tax lien foreclosure wipe out mortgage?

How can I stop tax foreclosure?

Can you foreclose on a tax lien?

Who pays the taxes on a foreclosed property?

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