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The last thing just about any person wants to see in the mail is a tax lien. First, what does it mean? Basically, the person has not paid the taxes on something, usually a home.

Now, if the lien was issued by a local municipality: your city, county or state, it will only apply to the item in question: your home, car, boat, RV etc. But, when it’s the federal government, the lien can apply to every single thing you own. The Feds, they can take it all, & sell it… That’s why you often see these ads in the paper: cars for a hundred dollars, a boat for fifty bucks, & a home for ten grand.

No matter who has issued the lien, the point is, you have back taxes that are due, & if you expect to keep the item in question: pay them fast. If not, the lien will be sold at a public auction & you will be faced with paying the lien holder not just the taxes, but also some interest.

So, that presents the question: how do you get out from under the lien? If you have the necessary money, it’s no problem: pay it… Of course, very often, the whole reason you have not paid the taxes is that you do not have the money… This can be due to any number of reasons: loss of job, death in the family, divorce etc.

If you’re lucky enough to have a mortgage holder, & the lien is for your property taxes, usually the lender will pay off the lien (they are sent a copy of it). Of course, they’re not doing this out of the goodness of their hearts. There is more. The last thing your lender wants is to see your home seized & sold because they run the risk of losing some of their money.

And, naturally, they’re then going to want the money they have paid out for all those taxes back. That is why most people have an escrow account. That way, you do not have to come up with your entire tax bill all at once; it’s spread out over the year. As a result, you only face the prospect of a small increase in your monthly mortgage payment. That is something just about anyone can live with.

unfortunately, sometimes the lien isn’t on your home, or you do not have a lender. Still, all isn’t lost; there’re a number of non-profit organizations in place to help people with tax troubles. There is more. They vary from state to state, but they can be found.

These days, a simple on line search will yield literally dozens of these groups. As an example, there is: taxlienhelpcenter.com Contacting any one of them is easy enough, & often they can assist you set up a payment plan with your lien holder.

Frank J Vanderlugt owns & operates http://www.tax-lien-2007.com – Tax Lien

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