Federal Tax Lien


Definition of "Federal tax lien"

Phil "Dr. Phil" Hinesley
  Chanticleer Properties, LLC

Placed by the federal government on a individual's real property for federal estate tax or income tax law violations. In the case of a federal estate tax lien, upon the owner's death, the estate is liable for the tax lien.


Search Real Estate Glossary

 

Related Real Estate Glossary terms

California Ranch

Long, one-story house with the roof sloping toward the ground, often having skylights and contempora ...

Boston Plan

Agreement named after the city of Boston under which insurance companies insure real property in low ...

Down Payment

The difference between the value of the property and the loan amount, expressed in dollars, or as a ...

Caveat Actor

If action is undertaken in conformity with contractual provisions, legal responsibilities arise. The ...

Retirement Test

Requirement that a retired worker can have annual earnings of no more than a stipulated amount in or ...

Forfeiture Of Vested Benefits

Relinquishment of rights to benefits when an employee withdraws previous contributions to a plan. An ...

Related Real Estate FAQ

How Do I File An Insurance Claim?

Call your Insurance agent or Insurance Company \"Claims Hotline\" as soon as possible. Getting your ...

What Is A APR Loan?

This APR Calculator can be used to estimate the Annual Percentage Rate for a loan based on input par ...

What Is A Quit Claim Deed?

A quit claim deed is a formal document that denies a claim to a certain property. Often used to clea ...

What Is A Closing?

The process of finalizing all the dealing associated with the sale and purchase of a home. (Also kno ...

What Is A CD?

A CD, or Certificate of Deposit, is an investment usually made for a given period of time at a fixed ...

What Is A Cap?

A limit on an adjustable-rate mortgage. ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

Tax Breaks for the First Time Home Buyer How Does The Home Loan Underwriting Process Work? How is Square Footage Determined? How to become a real estate agent 5 signs of house foundation problems

FAQ

What is a deed? What is a housing ratio? Why should I use a real estate agent? What is a wraparound mortgage? What are prepayment penalties?