Nellie and Victor own a suburban ranch home and fell behind on paying their property taxes when Victor lost his job last year. Victor is working again, but they still haven’t saved enough to pay their back taxes. They’re worried that the county may begin foreclosure proceedings. What type of lien is this?

Respuesta :

As per the above scenario the type of lien is tax lien.

Explanation:

As mentioned in the question the lein is concerned with property and including my tax and if the tax payment is terminated then according to the agreement legal actions would be taken against the one who violated the lein.

It is Lein which is imposed by law on a property for securing the payment of taxes it is imposed a delinquent type of taxes which is owed on real or personal property. With the failure of payment of income tax, it is being repossessed by law.

A property which is attached with tax Lein cannot be sold at any case and even refinanced until or unless the taxes are not paid and the tax lien is not removed. Under this, a tax Lein certificate is also issued by the municipality in which the amount is mentioned along with the interest.