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Property Tax Language
Release Of Lien
Recession of the encumbrance previously created by a tax lien. A Release of Lien is issued when the tax debt has been satisfied
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Seizure and Sale
The act of taking possession and selling property belonging to an assessee in order to pay the lien of delinquent unsecured taxes.
Deed
A legal document that grants ownership to a piece of real estate or other property asset. A deed transfers the title of an asset to a new owner, and it is usually recorded in the local Office of the Register of Deeds.
Probate
Probate is a court-supervised legal process that may be required after someone dies. Probate gives someone--usually the surviving spouse or other close family member--legal authority to gather the deceased person’s assets, pay debts and taxes, and eventually transfer assets to the people who inherit them.
