How To Buy Tax Liens In Nyc. We file a tax warrant with the appropriate New York State county clerks office and the New York State Department of State and it becomes a public record. What happens here is that you actually buy the liens at auction pay the back taxes and in return.
A tax lien represents an unpaid tax debt on a property. It is through this auction process that you have the opportunity to purchase a tax lien. A tax warrant is equivalent to a civil judgment against you and protects New York States interests and priority in the collection of outstanding tax debt.
What happens here is that you actually buy the liens at auction pay the back taxes and in return.
Liens are never offered for sale to the general public. They will list the deadlines and requirements for registering as a bidder. The City of New York and the Citys Water Board has sold its tax liens to a New York City Tax Lien Trust hereinafter referred to as NYCTL. Eliminate any Risks involved.