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| Member since | Jul 23, 2020 |
Over the last few years, the number of properties in New York with a lien attached to it has increased, and more people showing their interest in buying liens certificates. The New York City Tax Liens rules are strong and you possibly need the help of a good lien lawyer to understand it better. Most of you might don’t have much information about the lien and might be wondering what exactly it is? To make you clear tax lien is a term given to the property or premises on which required taxes were not paid by the property owner. Lien is imposed on the property by the respective tax authority of the area or county. Under property that is attached to the lien neither could be sold nor could be purchased. What is a lien certificate? When the lien is issued on any property the respective tax authority of area issues a lien certificate on the property. A lien certificate contains the amount of the valuation of the property along with the taxes and penalties overdue on it. ... Continue reading →
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