Lien rights allow lenders to foreclose on property to recover money owed by a debtor. They can arise without the consent of the property owner, as in the case of tax liens, or with their consent, as in a mortgage. Liens act as collateral and help minimize losses for lenders. Legal procedures must be followed […]
The IRS places a tax lien on property when taxes are not paid. Liens can be settled by paying the bill or through a payment agreement. The IRS may offer lien subordination to facilitate real estate transactions. Tax advisors or attorneys may be needed to resolve premature or improperly issued liens. The Internal Revenue Service […]
