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LSDefine

Simple English definitions for legal terms

tax lien

Read a random definition: market-participant doctrine

A quick definition of tax lien:

Definition: A tax lien is a legal claim that the government makes on a property when the owner fails to pay their taxes. This means that if the property is sold, the government gets paid first before anyone else, even if there is a mortgage on the property. Sometimes, the mortgage lender will pay the tax debt to protect their own investment and then ask the property owner to pay them back.

A more thorough explanation:

A tax lien is a legal claim that the government has on a property when the owner fails to pay their taxes. This lien gives the government the right to seize the property and sell it to pay off the tax debt.

For example, if a homeowner fails to pay their property taxes, the government can place a tax lien on the property. If the homeowner still does not pay the taxes, the government can sell the property to recover the debt.

It is important to note that a tax lien takes priority over other liens, including mortgages. This means that if a property has a tax lien, the government has the right to sell the property to pay off the tax debt, even if there is a mortgage on the property.

To protect their investment, a mortgage lender may choose to pay off the tax debt and seek reimbursement from the property owner.

tax liability | tax lien notice

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had to happen
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I do have a buddy that is going to a law school in Michigan tho
13:09
Me too im going to cooley
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you guys should connect!
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he can thridwheel you and cynical
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im tryna link and build
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lets touch a million this year, twin
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Okay i gotta go now bye bye
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im tryna ball out till i fall out
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bye twin!! til we see again!
god salad is a gift
omg are the umich crowd connecting
CUTE!!!!!
NosyBeagle
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byebye eso
we been linked up
15:27
guys i just got my lsac cumulative gpa back and its 3.3... what is the best fast food restaruant to work at
NosyBeagle
15:29
mcdonald's so you can smell like the fryer for the rest of your life. on a serious note, mine is lower than yours and i still here. do you very best on the lsat and have a killer application. good luck!
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thanks gang <3
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we got this we scrappy
NosyBeagle
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hell yea we do <3
20:55
not rly sure if this the place to ask but can anyone help chance me or throw ideas of schools I may get accepted too? Im a 3.6-7 GPA student at an around a Top 50 undergraduate Im graduating in 3 years with a double major and minor but am sitting around 155 lsat.
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where’s lama
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@NSwaggy: Hello, feel free to check out my profile, but you can: 1. Index, green = likely admit, red, unlikely: https://docs.google.com/spreadsheets/d/1f5Huf-aFImXJOEAao_v0YkprcLdibDfVd0IjCI-Y4Cc/edit?usp=sharing 2. Check out: https://docs.google.com/spreadsheets/d/1sHLKXAPP8icwEJK1VSJ3Wm25BVHVarfaB6zbZU1oaWk/edit?usp=sharing to see median at each school.
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@bigfatsloth: ayo bud how r u?!
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Do you think we’ll see WL movement if nuclear holocaust flattens the middle east?
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LAMA
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my friend
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i’m good i moved to norf carolina i just ate chinese food
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@bigfatsloth: Proud/Happy for you! :)
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