A tax lien is a claim against a property for unpaid property taxes. Local county governments sell tax liens to investors to recoup unpaid taxes. When you buy a tax lien, you are a debt investor. In return, you are guaranteed an interest rate or a chance to acquire the property. Tax liens often have a higher priority than other liens, which means they are paid before other debts in case of foreclosure. While tax lien investing can provide a reliable source of interest income, it also comes with risks, such as property value depreciation or the property owner’s inability to pay.

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