lien sale

Definition

A sale conducted by a governmental agency when a property owner has failed to pay the real estate taxes due. The agency places a lien on the property equal in value to the taxes due and proceeds to conduct a lien sale in order to collect these monies. The lien may be bought by an individual or entity by paying the monies due. The lienholder will not have ownership but continues to pay the taxes for the time it holds the lien, and can collect a surcharge and interest on the payments from the property owner.

单词	lien sale
释义	lien sale Definition A sale conducted by a governmental agency when a property owner has failed to pay the real estate taxes due. The agency places a lien on the property equal in value to the taxes due and proceeds to conduct a lien sale in order to collect these monies. The lien may be bought by an individual or entity by paying the monies due. The lienholder will not have ownership but continues to pay the taxes for the time it holds the lien, and can collect a surcharge and interest on the payments from the property owner.
随便看	viager viatical settlement viatical settlement company vibration vicarious liability vicarious performance Vice President vicious circle Vickrey auction victim victimization videlicet (Viz) video video-conferencing vie Vienna Convention viewable impression viewtime violation violence viral marketing virgin material virtual virtual bank virtual circuit