Information For TaxpayersOur team is ready to provide you with the payoff information you need regarding your tax lien.
No matter where you live or what you do, life can be a challenge. We all experience some form of hardship or difficulty during our lifetimes, and often that hardship is financial in nature. During these moments in our lives, it can be frustrating to meet our obligations, even paying something as basic as taxes. However, we all have an obligation to support our local government in order to make our community a better place. Property taxes help fund local schools, roads, libraries, emergency services, and much more, yet often they get left behind in such times.
If this is such a time in your life, and you have received information from our company, you might be asking yourself: What does this mean for my property, and for me?
If our company or one of our clients purchased a tax lien on your real estate, you have several potential options to deal with this issue. Our team is ready to provide you with the payoff information you need regarding your tax lien. Please contact us at any time using the information on our contact page.
Q. What is a tax lien?
A. In most states, property owners are required by law to pay property taxes. These taxes are imposed for general support of the county and used to fund schools, emergency services, and other county services. Generally, if these taxes remain unpaid for one year, they become a delinquent tax amount, which then can become a tax lien on the property. If these delinquent tax liens remain unpaid, they can be enforced through a legal action against the property. Liens can also be converted into tax lien certificates, which are sold to third parties at auction.
Q. What immediately happens to me if your company or one of your clients owns a lien on my property?
A. Nothing, most of the time. Each state has a different set of laws that govern the enforcement and collection of the lien.
Q. What if I can’t or don’t want to pay my delinquent property taxes?
A. Like any private company, in order for us to stay in business, we must protect our investment interests. Non-payment of delinquent taxes will lead to further enforcement of our liens. Please keep in mind that our goal is not to own property. We prefer you to stay in your home, while working out an arrangement with us to pay your taxes. Please call and see how we may be able to help you! We will make every effort possible so that you remain in your home. We are a small private company that cares about the people and communities we serve.
Q. Why is TLS involved with collecting my delinquent tax liens?
A. TLS or its investor clients have purchased from your local government/county outstanding real estate tax liens. Our firm was established to purchase and collect real estate tax liens for local governments.
Q. How do I learn more about my outstanding tax lien obligation?
A. Please visit our contact page for a toll-free telephone number and other methods of contact, allowing you to reach one of our team members. These individuals are trained to answer any questions you might have and assist you with satisfying your outstanding tax obligation.
Q. How do I send my payoff?
A. All payoffs should be made in the form of a cashier’s check, money order, or certified funds. Further instructions and a mailing address are available in the letter you received from us, or using the information on our contact page.
Q. I’ve received a delinquent tax notice on property that I don’t own. What do I do?
A. The information we receive from local municipalities may not always be current, and you can help us to clear up any discrepancies. Please visit our contact page for a toll-free telephone number and other methods of contact, allowing you to reach one of our team members in order to correct this issue.
Q. I have filed a bankruptcy petition and received a notice from TLS. What do I do?
A. Please contact us so that we may update our records. It would be helpful if you had the date of the bankruptcy filing and the case number available to share, as well as the name and telephone number of the attorney who represents you.
Q. I have another question that was not answered above.
A. Please see specific questions for Kentucky taxpayers. If your question is not answered there, feel free to contact us at any time.