Can a tax lien be assigned from one private investor to another?
Yes. Private assignments are very common. A lien holder may assign a tax lien for any negotiated price. Tax liens are often assigned for more or less than the current redemption value of the lien. This is commonly referred to as a ‘discount’ or ‘premium’. If the lien is sold for less than its redemption value, it is sold at a ‘discount.’ If it is sold for more than its redemption value then it is sold at a ‘premium.’ The premium will be lost if the tax lien is redeemed because the redeeming party only has to pay the current redemption value regardless of what was paid for assignment of the lien. • Can a lien holder enter into a payment plan to allow the property owner to pay off the tax lien over a period of time? Generally, redemption must be made through a single payment to the tax collector’s office. This issue was recently addressed by the New Jersey Appellate and Supreme Courts, and it appears that private lien holders may enter into payment plans to cancel a tax lien under limite
