Home Buying in Walnut Creek>Question Details

Kristen, Other/Just Looking in Walnut Creek, CA

What is a tax lien? I have seen some in the Walnut Creek area, but am not sure how that applies when it

Asked by Kristen, Walnut Creek, CA Sat Jul 26, 2008

comes to home buying.

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Tax liens are usually for unpaid property taxes. These are senior liens on a property, meaning that they are generally the first to be paid when a property sells. If you are purchasing either a property that has completed foreclosure already, or in any other "normal" sale, the escrow company will arrange to pay and clear the tax lien at close of escrow.
0 votes Thank Flag Link Sat Jul 26, 2008
A tax lien happens when a homeowner has not paid his property taxes. A lien is placed against the property and it has to be paid from the proceeds when the home sales. The state cal also move to foreclose on a property for unpaid taxes.
Web Reference: http://www.cindihagley.com
0 votes Thank Flag Link Sat Jul 26, 2008
The Hagley G…, Real Estate Pro in Pleasanton, CA
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