Posted on: 17th Jan, 2010 09:19 pm
What to do when your house has a tax deed on it?
I guess you've not paid your property taxes for quite sometime and as a result, there is a tax lien on it. If you want to save the property, you'll have to pay off the taxes.
If you do not satisfy the delinquent taxes owed, your tax collector can sell of a tax certificate. Most states will have a minimum amount of time the tax certificate must be held before the holder can request the sale of the property to satisfy the certificate. There will also be a maximum amount of time the certificate holder may hold the certificate without requesting the sale of the property to satisfy the certificate.