Delinquent Tax Sale Questions and Answers

There are two questions that everyone is allowed to ask of themselves and of loved one's faced with a delinquent tax sale. First, there are questions about the type of lien that was placed against them. Second, for many people, there is a question of how did this happen? Frankly, there are many personal and business related reasons why they neglected to pay the taxes that they knew would be coming due every year. It is an annual responsibility but there are many things that can happen throughout the year that can deplete their accounts: they weren't fiscally responsible or they just simply refused to make the payment when it was time to pay taxes and when the notice came from the state's Department of Revenue, they ignored it. It is difficult to accept and no one wants to give portions or all of the ownership of their property away. First, property tax is one of the ways that people can end up in this predicament. Taxes are levied against personal land and real estate but are a local issue not a federal one. It goes to the delinquent tax department of the state or country. First the person or family is default on paying their taxes for a number of consecutive years (depending upon the country, etc.). Second, after notices have been sent in regards to the amount past due, late fee, interest and any other associated costs, the county automatically seizes the property from the owner for the delinquent tax sale. This is not a foreclosure that is associated with an inability to pay one's mortgage loan; they are unrelated legally but there can be a tax foreclosure for related default financial reasons. But the state relies on the timely payment of property taxes, for example, because the money provides financial support for public roads, parks, schools as well as much needed hospitals and law enforcement. Taxes are a necessity of communal living not a means to cause undue financial burden. If your property has already been sold in a delinquent tax sale, your local Land Redemption Department will be able to provide you with information on the necessary steps that you can take to regain ownership. When your property is sold there is a lien placed against your home, for example. You no longer have the ability to gain any benefits from sale, loan against or a shift of ownership. There is hope; you can regain ownership as long as you repay the individual or organization that bought your property at auction within a three year time period, for example. This includes the initial owed tax amount, continued property tax over that period and associated costs such as the daily-accrued interest on the sale over each year. It always costs more in the end to get back what you have lost than it is to keep what you purchased out right by meeting all of the financial obligations which include the necessary taxes.