A tax lien is usually levied on a property especially when a homeowner comprises and fails to pay county or local taxes related to a property. The taxing body/authority in such a situation will move and put the given property on tax lien. Once the tax lien has been levied; the tax body will then issue a tax lien certificate which can be bought by an investor who can be selected by several methods. Random selection can be made from those who have submitted a bid and other methods which can be sued to pick on a potential investor does include premium method, bidding down on the interest and bidding down on the ownership (click here to read more on the selection methods). By doing this tax authorities are better placed into finding monetary requirements which they can use to cover up for the given budget needs.

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