Question

Explain the difference between real estate tax liens and property liens.

Answer 1

A real estate lien attaches itself to the building itself. A property lien can apply either to the real estate itself, or the personal property (furniture, equipment, etc.) or other property (mineral rights, other easements) associated with the real estate.

Answer 2

To my reading of your question there is no difference. . . n.b. - your question should read "what is the difference BETWEEN real estate tax liens and property liens.

Answer 3

A tax lien is when the government essentially puts a hold on your property, making it unsaleable until overdue property taxes are paid.. . A private party can place a lien against your property consequent to a monetary judgment in civil court. There is also a mechanics lien, which is a lien placed against your property by someone you owe wages to.. . At a certain point (five years in many states) a forced sale results. The liens get paid first, then the auctioneers fee, then the mortgage holder, and if anything is left over, the former property owner.

Answer 4

There are several types of property liens. It is basically any lien against your property. That includes a tax lien, mortgage lien, etc.. A tax lien is by the county/city government and is basically saying you owe property taxes. A mortgage lien is by your mortgage lender saying that you have a mortgage on it. A tax lien supercedes all other liens and must be paid off first.