Tax Liens
This may not clearly fall in the category of "real estate investing", however it is worth mentioning. Each state creates the system and rules for the lien or deed process so careful research is necessary. In general, property owners are notified regarding the amount of taxes owed and are given a period of time to pay. If the amount remains delinquent, the state will take one of the following paths (though some have created a hybrid):
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Famous quotes containing the word tax:
“To tax and to please, no more than to love and to be wise, is not given to men.”
—Edmund Burke (1729–1797)