A lien is a claim or legal right against assets that are typically used as collateral to satisfy a debt. A lien could be established by a creditor or a legal judgement. A lien serves to guarantee an underlying obligation, such as the repayment of a loan.

What is the most superior lien?

The earlier the lien filing date, the more superior the lien. The amount of the lien is legally immaterial. For example, if a $500 lien is filed before a $100,000 lien, the first lien is superior to the much larger second lien. However, tax liens, whenever recorded, automatically become superior.

What can a state tax lien do to your property?

With a state tax lien the government is able to exercise a legal right over the property of the debtor in order to try and secure the tax that is owed. A Notice of State Tax Lien is issued before this action is taken and this can apply to real estate or personal property depending on the assets that are owned by the taxpayer.

Are there any states that sell tax lien certificates?

1 Alabama 2 Arizona 3 Massachusetts 4 Mississippi 5 New Jersey. States not on the list sell tax deeds. The rules for the sale of tax lien certificates are defined by state law, and procedures for the sale are …

Who is Ted Thomas, tax lien certificate authority?

Ted Thomas has been showing, guiding, and nurturing student investors through the process of how to invest in tax lien certificates for over 25 years. Today Ted Thomas is known as America’s Tax Lien Certificate and Tax Deed Authority.

Is it possible to appeal a state tax lien?

Consequently, settling with the state government is a viable option, but it is only recommended if you have qualified legal representation. You also have the right to appeal a tax lien if you believe the claim is not legitimate. There are cases in which tax liens get released or forgotten but still stay on your property, for example.