What is a Tax Lien Sale?
A public auction, mandated by state statute, of tax liens. Tax liens are sold for the amount of delinquent taxes, interest charges and related fees due to a County. A tax lien does NOT convey ownership to a property. Rather, it entitles a purchaser to full payment by a delinquent taxpayer of the full lien amount paid at the time of auction plus interest. The percentage interest varies from state to state. If taxes remain delinquent (period of time may vary by state), a purchaser has a right to foreclose on their lien with the hopes of attaining ownership of a property. View list of states that conduct tax lien sales.
