Legal definition of Tax Liens
Credit Repair Legal Terminology

Tax Liens

If an owner of a house defaulted on payment of real estate taxes a lien may be placed on the property to secure payment of taxes. A tax lien may be placed for non payment of federal, as well as state taxes.
If there is a federal tax lien on your home, you must satisfy the lien before you can sell or refinance your home. There are a number of options to satisfy the tax lien. Normally, if you have equity in your property, the tax lien is paid (in part or in whole depending on the equity) out of the sales proceeds at the time of closing. If the home is being sold for less than the lien amount, the taxpayer can request the IRS discharge the lien to allow for the completion of the sale. Taxpayers or lenders also can ask that a federal tax lien be made secondary to the lending institution's lien to allow for the refinancing or restructuring of a mortgage. Source:
Find a legal term by clicking on the first letter of a legal word or phrase:
Book of the Day in our Store
Share it on TwitterFacebook
Cop Under Fire: Moving Beyond Hashtags of Race, Crime and Politics for a Better AmericaCop Under Fire: Moving Beyond Hashtags of Race, Crime and Politics for a Better America
by Sheriff David A. Clarke Jr.
  • List Price: $21.99
  • Price: $14.04
  • You Save: $7.95 (36%)
from $10.10
Enemies: A History of the FBIEnemies: A History of the FBI
by Tim Weiner
  • List Price: $20.00
  • Price: $18.00
  • You Save: $2.00 (10%)
from $15.94
David B TonggAttorney at LawPRACTICE AREA: Real Estate Law, Landlord & Tenant Law, Business Law, Labor & Employment Law, Industrial Development Law
Michael T SmithAttorney at LawPRACTICE AREA: Real Estate Law, Contracts, Wills & Probate, Business Law, Computer & Internet Related Crimes, Trusts & Estate Planning, Sports Law, Industrial Development Law
Marvin S DangAttorney at LawPRACTICE AREA: Real Estate Law, Wills & Probate, Trusts & Estate Planning, Industrial Development Law
Business InsiderFS Card's strategy is to target "deep subprime customers" in the 550 to 600 credit score range, a group that's largely been overlooked and forgotten by the big banks, according to Blow, the company's CEO. By offering transparent rates and fees and low ... more »
MilTechCredit Advisors Group and Bryan Perez are pleased to announce a proven system for Orlando credit repair. The credit services organization is registered with the Secretary of State in Florida. The firm was started to serve many consumers under-served ... more »
ForbesFor example, millennials may not know that they can get their credit score checked for free using a site like, or repair their damaged credit score with a service like Even worse, they may not understand what a ... more »
It's a free online legal dictionary search engine for definitions of legal terminology and legal words, legal abbreviations, and legal jargon you may meet when reading legal acts, law books, documents, legal forms and other legal content