When someone purchases the tax lien on your property, they are paying off all of your back taxes and making you current on your property taxes. In return, they get the property tax lien, which gives them the ability to foreclose on you and take the title in 12 months in Georgia.
How do you buy a tax lien in Georgia?
When a property owner in Georgia fails to pay the property tax, the county tax commissioner may sell the real estate to raise money. You can then buy the tax lien property at a public auction. Tax lien auctions are conducted on the steps of the county courthouse the first Tuesday of the month.
Can a tax lien be issued in Georgia?
If you owe back taxes to the Georgia Department of Revenue, you can still get this tax debt resolved BEFORE a lien is issued. Success Tax Relief has helped many Georgia taxpayers who believe they are on the verge of serious consequences. There may still be time to negotiate a settlement with the state, before a lien is issued.
How long does a Georgia Department of revenue lien last?
Once the Department files a lien, the Department has ten years from the date the lien was filed to collect the liability. This ten year period may be extended for specific reasons outlined in Georgia Code including but not limited to the taxpayer filing bankruptcy or entering into an Installment Payment Agreement with the Department.
When to request a partial release of a tax lien?
A person typically requests a partial release of a state tax lien when there is a need to transfer the rights to a particular piece of property when there is not enough money to fully pay the state tax lien.
How to request a subordination of a state tax lien?
A person typically requests a subordination of a state tax lien when refinancing a loan. For a partial release of lien, complete Form CD-14135 ( Application for Certificate of Release of Property from State Tax Execution). For a subordination of lien, complete Form CD-14134 ( Application for Certificate of Subordination of State Tax Execution).
