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Saturday, 9 May 2015

How to Look Up a Tax Lien

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According to Experian, one of the credit reporting agencies, a tax lien is a claim by a taxing authority on an asset owned by someone who owes back taxes. For a business, it is may be on a commercial property the business owns, possibly the property where the business operates. The two major taxing authorities include the Internal Revenue Service (IRS) for business back taxes the business owes to the federal government and the county where the property is located. Whether it is a federal or county tax lien, the lien shows on the property records, which the county clerk's office where the property is records on the public records. Whether you're looking up, it is your own property to pay it off or you're an investor looking to invest in this, your computer is the main tool you need to look up a tax line.
Find the county website. Use the National Association of Counties website to determine if the county where the property is located has a website.
Search the county website. Once you determine if the county is online, go to the county website and conduct a search. You can typically search for liens on the property using the parcel number, address or owner of the property. If the property is going to auction, the county websites also list upcoming sales and the procedures for paying off your own lien or buying tax lines.
Review the lists. Once you pull up the tax lien for the property you're interested in, the website provides various information on the lien. Typically, it lists the amount, date and payoff instructions for it.
Tips
If the county where the property is located does not have a website or does not allow online searches for tax lines, you have to go in person to look up the tax lien. Look up the address for the county clerk's office, note the hours of operation and then go in person to obtain the tax lien information.
Some counties provide tax lien information by phone, but if you want a copy of the tax lien information, there is usually a charge.
Some websites sell lists, which is another way to look up tax liens. Before you pay a third party to obtain a tax lien list, conduct some research on the business with organizations such as the Better Business Bureau, to make sure that the website is legitimate.
The sky is the limit.If you are interested in learning more about Tax Deeds and Liens, you should click on the link below. It is a great place to get started if investing in real estate is what you are looking to do. Yes, you can still make a fortune in Real Estate with this Ultimate Real Estate system. >>> http://bit.ly/1ukjzFZ   
Kristie Lorette is a freelance copywriter and marketing consultant specializing in helping small businesses and entrepreneurs. Visit [http://www.studiokwriting.com] to learn more about Kristie and see samples of her work. Kristie also produces The Inky Dot, a weekly e-newsletters that includes writing and marketing tips for businesses. Subscribe to The Inky Dot at [http://www.studiokwriting.com].

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