Buying A Lien On A House Info

You pay the taxes owed plus any interest and penalties.

While tax liens are the most common for investors, other types of liens can be attached to a house: How To Buy a House With a Lien | Own Up Resources buying a lien on a house

Buying a lien on a house, often called , involves paying a property owner's overdue taxes to the local government in exchange for a legal claim against the property . This process is different from buying the house itself; instead, you are essentially acting as the lender for the unpaid debt. How Tax Lien Investing Works You pay the taxes owed plus any interest and penalties

When a homeowner fails to pay property taxes, the local municipality can issue a . Investors purchase these certificates at public auctions. buying a lien on a house