What Is a Tax Lean and How Do They Work?

In some states, what they will do is sell those taxes to an investor so that they can get that money in sooner and not have to wait for the delinquent tax payer to pay. Investors are actually bidding for the property at those tax sales and getting a de to the property. In other states, you basically have a tax leand certificate. And if you don't get paid, if the property owner doesn't pay within a certain amount of time, each state has a different period that they allow them to pay. Its called a redemption period. Then if you have that tax lean certificate, you get to get the property. You get to foreclose on the property. There are different