Difference of tax lien certificates and foreclosure
For the question about the difference between tax lien certificates and foreclosure: the certificate is just a piece of paper that says that instead of owing the government the tax, the owner pays you the tax + interest (at least 16%), a foreclosure is when someone the owner owes money to, that is tied to the property, comes to collect and the owner can’t pay; they give the owner a short extension after which they will take his house or land from him if he still doesn’t pay. So a mortgage lender or the government can both foreclose on you.
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