Can you transfer a tax lien?

Question

Hi,

Was wondering if it is possible to transfer a tax lien to another individual or a company? Does anyone know how that would be done?

Thanks,Hobart

Emmett R. McCarthy · Answer

In Illinois, tax lien certificates are freely assignable. In some counties, the assignment language is preprinted on the certificate. The assignment may, but is not required, to be registered with the county. I am not sure about other states. Thanks.

Ned Carey · Answer

I believe in general they are, as the messages above say. I know in MD they are freely assignable and have done so myself regularly.

But this will be up to your states, or possibly counties laws. A call to the tax sale office should give you a definitive answer.

John Underwood · Answer

Hobart,

Yes you can transfer a tax lien to someone else. Contact the County Delinquent Tax Office as ask them what you need to do. If they are uncooperative you could always sell the lien and give the person a Quit Claim Deed against the property in case you do get deeded the property and some kind of agreement to give them any redemption checks you might receive.

I know people who have transferred a tax lien in SC to another person.

I am thinking about selling a tax lien I have on a lot I am going to get (spoke with current owners) before I am issued the Tax Deed.

John

Hobart King · Answer

Thanks all for the help

Can you transfer a tax lien?

Can you transfer a tax lien?

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