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mikey
2009 Jul 8, 9:29am
mikey
2009 Jul 8, 9:29am
Tax liens are common in good times and bad. They have to be paid off before the transfer of title during escrow, as far as I know.
Los Angeles county has recently announced there were 240,000 property owners who failed to pay their taxes in 2008.
Presumably this will have an impact on home prices and will greatly complicate both sales and refinancing.
This must be happening all over the country but I have not heard any reporting on the problem of
tax leins with all the emphasis on foreclosures. Does anyone have any experience with tax liens and how they
can affect home prices and transferability?
#housing