Expedited Foreclosure
Expedited foreclosure is a process used to accelerate the repossession of a property when the owner fails to pay taxes. It ensures swift tax debt recovery.
Default on Tax Payment Plan
Defaulting on a tax payment plan occurs when a taxpayer fails to meet the agreed terms for paying back taxes. It can lead to penalties and additional interest.
Surplus Fund Recovery
Surplus Fund Recovery involves reclaiming excess funds generated, often from tax sales or foreclosures, ensuring rightful owners get their due funds.
Heir Property and Tax Liens
Heir property and tax liens intersect when inherited real estate has unpaid taxes, potentially leading to legal complications in property ownership.
Revenue Recovery
Revenue Recovery refers to the processes and mechanisms employed by tax authorities to reclaim funds lost due to non-compliance, errors, or evasion in tax reporting and payment.
Land Bank Authority
Land Bank Authorities help manage and repurpose vacant properties, impacting tax compliance and community economic health through revitalization strategies.
Lien Expiration
Lien expiration marks the end of a legal claim on property as a security for tax debt, crucial for financial compliance.
Assignment of Lien Rights
The Assignment of Lien Rights involves transferring the entitlement to claim a lien to another party, pivotal in debt recovery and financial transactions.
Quiet Title Litigation
Quiet Title Litigation resolves disputes over property titles, especially in cases involving tax liens, by clarifying ownership and extinguishing adverse claims.
Redemption Bond
A Redemption Bond is a financial instrument used to ensure payment compliance or resolve outstanding tax obligations, offering a means for taxpayers to manage or negotiate tax liabilities effectively.