Automated Tax Credit - Tax Debt Resolution

Glossary

Tax Title Deed

A Tax Title Deed is a legal document issued to a buyer after purchasing a property at a tax sale. It confirms ownership but may require further action to secure a marketable title.

Certificate of Purchase

A Certificate of Purchase is a document issued to signify ownership rights in property obtained through tax sales, crucial for tax redemption and ownership clarification.

Tax Penalty Lien

A Tax Penalty Lien is a legal claim against a taxpayer's property due to unpaid tax debts. It can affect credit scores and financial standing, highlighting the importance of resolving tax issues promptly.

Statutory Tax Lien

A Statutory Tax Lien is a legal claim by the government on a taxpayer's property due to unpaid taxes. It ensures tax debt collection if liabilities remain unresolved.

Tax-Advantaged Lien Investments

Tax-Advantaged Lien Investments refer to financial instruments that offer specific tax benefits, typically used by investors seeking tax efficiency in property-related investments.

Non-Performing Tax Liens

Non-Performing Tax Liens are unpaid taxes where the lienholder is unable to collect from the property owner. They can impact financial compliance significantly.

Tax Lien Servicing Company

A Tax Lien Servicing Company manages the acquisition, administration, and resolution of tax liens, ensuring compliance and financial security for investors.

Escheat Property Liens

Escheat property liens are legal claims by the state on unclaimed property to secure unpaid taxes or debts, ensuring rightful ownership and compliance.