Constitutional Questions About Tax Lien Foreclosures

Abstract:     
Local governments have traditionally viewed delinquent property taxes as a administrative burdens rather than potential assets. Recently, however, local governments have been turning tax liens into cash by selling bundled liens to investors. Purchasers of tax liens may not be aware of the implications of a 1983 U.S. Supreme Court decision requiring due process in property tax foreclosures. With properties from multiple jurisdictions with various foreclosure procedures, tax lien purchasers now must consider yet-undefined due process requirements when enforcing the liens.

Number of Pages in PDF File: 5

Keywords: Real Estate Finance Foreclosure Tax Lien

Accepted Paper Series