A tax lien is a legal claim against the assets of an individual or business that fails to pay taxes owed to the government. If the obligation is not satisfied, the creditor may proceed to seize the assets.

The federal or state government can place a tax lien on a property if the owner is in arrears on income taxes. Local governments may place a lien on a property for nonpayment of property or local income taxes. It ensures that the tax authority gets the first claim over any other creditors vying for the creditor's assets.

Some liens show up on the taxpayer's credit report, damaging the person's credit score. While some can prevent the taxpayer from selling or refinancing their home.

At Stone Legal Solutions we negotiate a settlement that avoids encumbering the sale of your assets or resolves the debt in its entirety through the foreclosure mitigation process.