Discover how tax lien foreclosure works, key differences from tax deed sales, and what happens if a property owner fails to pay taxes. Informative insights for investors and homeowners.

What is a foreclosure? When a homeowner doesn't pay their mortgage for an extended period of time, a lender will take possession of the home—which means the current owner must move out. Foreclosure is ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Erika Rasure is globally-recognized as a ...