Tax Lien Foreclosures

Almost everyone has heard about foreclosures but not too many have heard about tax lien foreclosures. This type of foreclosure results from non-payment of taxes due to property, income other taxes put against any type of property.

If foreclosure occurs, more likely than not the original property owner will not be able to bid on the property. The sale usually is held at the courthouse or the property being sold and notice of the sale is required.

Here is how this type foreclosure happens: