Tax foreclosures are the business of buying properties for little more than the back taxes owed. When owners do not pay property taxes, the taxing entity has a legal right put a tax lien on the property in the amount of the past due taxes plus any interest and penalties. If taxes remain unpaid, the taxing authority’s tax lien gives them the right to foreclose on the property and sell it at auction at a fraction of its market value.
There are a substantial number of instances where i ........Click here to read more.....
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