| Foreclosure is a serious problem for the homeowners | | | | the auction of the property which is the most painful |
| and the main reason behind any type of foreclosure | | | | for homeowners. |
| is the unpaid dues be it loan repayments, taxes or | | | | The most difficult foreclosure is Tax Lien Foreclosure |
| dues to any government agency. Tax Lien | | | | which breaks the individual mentally, financially and |
| Foreclosures are those properties which are taken | | | | socially. Not to say that other foreclosures are easy |
| over by the bans, state governments or government | | | | to handle but looking at an auction where the |
| authorities for non payment of any type of tax like | | | | property is sold due to some delay in tax payments |
| income tax or property tax. | | | | is very excruciating. To add to the gravity of the |
| In this scenario, due to default in tax payments, the | | | | situation, the homeowners or any of his house |
| homeowner is forced to vacate the house and the | | | | members are neither jointly nor independently allowed |
| authority exercises mortgage rights on the property | | | | to bid on the property in the auction which is further |
| which is facilitated by the law under the state | | | | a hammer on the social support for the homeowner. |
| government in the U.S. The mortgage is followed by | | | | |