Glossary

Property tax deferral options allow eligible homeowners to postpone paying property taxes, providing financial relief and flexibility. They are primarily for seniors and low-income individuals.

Commercial Tax Lien Investments involve purchasing liens on properties due to unpaid taxes, offering potential returns and posing risks requiring careful management.

Certificate of Redemption Misfiling refers to incorrect documentation or failure to accurately document redemption of properties, impacting tax liabilities and compliance.

Non-Judicial Tax Sale Procedures are processes for selling properties with delinquent taxes without court involvement. They ensure tax recovery efficiently.

Mortgage default occurs when a borrower fails to meet the legal obligations of their mortgage agreement. Tax liens are legal claims by the government against a non-compliant taxpayer's property.

Redemption Penalty Waiver Programs offer taxpayers relief from penalties incurred on certain tax payments, promoting compliance and aiding financial resolution.

Escrow account mismanagement in liens refers to the mismanagement of funds held in escrow that impacts the handling of liens, potentially leading to financial and legal complications.

Lien portfolio diversification strategies are essential for managing risk and optimizing returns in tax-related investments. This approach helps investors maintain a balanced and resilient investment portfolio through prudent acquisition of varying lien types.

Non-performing tax deed investments involve purchasing tax-delinquent properties that haven't gone through the redemption period successfully, presenting unique risks and rewards.

Compliance audits on tax liens ensure adherence to tax regulations, focusing on the verification of documented liens for accuracy and compliance with tax laws.