What is a Tax Sale and How Can a Tax Sale Attorney Help?
Failing to do your responsibility as a homeowner in paying your property tax will lead to a tax sale, in which you would eventually lose your property. A property tax is important because it is used to support efforts on local infrastructure, medical services, local government, police/fire protection, and local education. This is the reason why the government is very particular with taxes in general.
Once you fail to pay your property tax the consequences include your property gets put up for tax lien sale or a tax deed sale. Through this method, the local government is able to get the delinquent tax you need to pay.
States vary in their regulations of the tax sales. You have to be really careful with it because, the government usually proceeds with the tax sale without consulting the court. Without the court’s involvement, your property gets listed in the records and in the newspaper. At the same time you will receive a notice for a tax sale. The government then organizes a bidding amongst the potential buyers where the property’s value starts at the sum of the delinquent tax, interest, and other penalties. If you won the bidding you get tax deed or a tax lien certificate, which was mentioned earlier.
What happens in a tax deed is that the authorities puts the property and the rights to it on sale. If you have a tax deed then you have a new property in your hands.
A tax lien certificate means that the government will sell the taxing authority over a property. Through a tax lien certification, a person will acquire all of the property owner’s due taxes and penalties to be paid to the government. If there is a failure on the homeowner’s side to pay the tax lien certificate-holder of all the penalties, the certificate-holder has the right to do the necessary steps to acquire the property instead.
A tax sale attorney can help you if your property is placed on a tax sale. The tax sale attorney can assist you throughout the process of an impending tax deed sale or tax lien sale.
A tax sale lawyer is able to aid you in redeeming your property from a tax deed sale. The lawyer can tell you counter the tax deed by paying the purchaser’s total expenses to acquire the property back. Through a lawyer you will be able to redeem the property even if the bidding has not taken place yet. You can also consult a tax sale lawyer to set aside a sale through loopholes that might be present in the tax sale.
A tax lien sale can be countered by your lawyer as well, who would give you proper advice. Redeeming a tax lien sale is no different than the tax deed sale.