What Are Tax Liens? Tax liens are claims on a citizen's property made by the government in order to secure a debt. These are initiated because of unpaid property or income taxes. This is the way the federal or local government tries to collect a debt. Once the Internal Revenue Service figures out your liability, they will send you a Demand for Payment. If you ignore the notice or fail to pay on time, the governmental officials will file a public document to let your creditors know that they now have a legal right to your properties.If this happens to you,Cheap Nike Air Max 2013 Womens, you may be frantic trying to figure out how to get rid of these tax liens. The most efficient way to do this is to pay off your bill for back taxes immediately. After you've cleared up your debt, the Internal Revenue Service will release their claim within one month after your final payment. Sometimes taxpayers opt to turn their property over to be sold. This is called a discharge. Another tactic is called subordination. This doesn't eliminate the hold, but it allows certain creditors such as mortgage holders to be given priority in debt repayment. Without the subordination, obtaining a mortgage would be nearly impossible. If you have had a lien issued by the county for unpaid property taxes on your home, investors may purchase this lien at an auction. You'll be given a redemption period to clear up your financial obligation before facing foreclosure. If an investor purchases your debt via an online auction, he or she is required to allow you the redemption time to make good on your financial obligation. If you don't, foreclosure processes will be initiated and you will lose your home. In this case, a quit claim deed would be filed.Property taxes and federal income taxes are the way the nation and your local area fund their public services. If you fail to pay your part to the county in which you live, this impacts services on which people rely. County services include libraries, public schools, road maintenance, parks and recreation departments, the police, sheriffs, and firefighters. Federal taxes pay for highways, interstates, public lands, defense, welfare systems, agencies such as the FDA,Nike Air Max 2010 Mens, and more. These moneys are not taken away from you for silly reasons. They are fees collected by treasurers for distribution to services that contribute to quality of life for all in the community and country.If you are an individual who is faced with tax liens, the best thing to do is contact the county treasurer or Internal Revenue Service and work out a payment plan. If you are an investor looking for investment opportunities,Nike Air Max 2010 Mens Cheap, buying a liens can be a way of making a substantial return on your investment dollar. The taxpayer might pay his overdue fees during a redemption period. If he or she doesn't, you could make money on interest rates as high as twenty percent.