Make Your Money Work For You

Tax Liens/Deeds DEF

A B C   D E F    G H I   J K L   M N O   P Q R   S T U   V W X Y Z

D

A written instrument that conveys title to real property from one person or entity (grantor) to another (grantee).
An auction held by the county or municipality to sell a tax deed on a property which has an owner who is in default on the property taxes due and/or on a property which now has an expired redemption period.
Limitations in the deed to a property that dictate or prohibit certain uses of the property.
When State Controller conveys a deed to the property to the state after the specified amount of delinquent taxes remain unpaid by the property owner.
Failure to perform a duty or promise such as pay property taxes or mortgage payment.
The number assigned by the county to a property after the first year of taxes are not paid on the property thus resulting in the property being in default.
A list published annually of all real property declared in default by the tax collector
The unpaid taxes remaining after the due date. Penalties and interest charges accrue on delinquent taxes.

E

When the construction of improvement of any kind (a wall, fence, building, etc) is partly of completely on the property of another.
The value of a property minus the loan owed on the property. For Example you owe $200,000 on your home and it has a market value of $350,000, then your equity in the property is $150,000.
Amount of money remaining after all back taxes, liens, penalties and charges have been paid. See Overages.

F

The amount a property is worth on the open market compared to other properties of like size and condition.
A lien attached to a property for non-payment of federal taxes - income tax, estate tax, etc.
Improvements to a property which cannot be removed without changing the quality of the property. For example: Plumbing or other such improvements normally permanently attached to a property.
Ownership of a property without any liens or other encumbrances. When you acquire title to a tax deed you do Free and Clear of any other liens.
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