Judgement Lien For Taxes In Middlesex
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Also referred to as a tax judgment or tax lien, a tax warrant provides the Tax Department many options to take collection action against you or your business.
Because a judgment lien, unlike a tax lien, attaches only to real property of the judgment debtor, a judgment lien can be obtained against personal property only by seizing the property under the judgment enforcement procedures.
The easy definition is that a judgment is an official decision rendered by the court with regard to a civil matter. A judgment lien, sometimes referred to as an “abstract of judgment,” is an involuntary lien that is filed to give constructive notice and is to attach to the Judgment Debtor's property and/or assets.
In a Tax Sale, the Municipality does not sell the delinquent property but sells Liens on the property. The liens represent the unpaid taxes and are put out to bid with payback interest rates starting at 18% and decreasing to 1%. A person who buys a property lien pays the City the amount of the delinquent taxes.
You can conduct a federal tax lien search at the following places: State Recorder's office. Secretary of State's office. IRS Automated Lien System database. Private third-party database search services like Lien Solutions.
The certificate must be held for two years from the date of sale before the lien holder may start to foreclose on the property. The homeowner has the right to redeem the tax sale certificate any time prior to the final judgment being filed. Liens must be redeemed in full with guaranteed funds.
Massachusetts Tax Lien Search Online: A majority of the aforementioned agencies provide online land records search portals on their websites. In Person: Residents of Massachusetts may visit the Register of Deeds Office or Recorder's Office in the county where a property is located to conduct their search.
