Resources
Purchasing Tax Liens in Louisiana
The purchase of a Louisiana tax lien is the easiest step of tax lien ownership. Taking a tax lien from initial purchase to a return on investment can often be a complex, time consuming, and expensive process. The laws and courts of Louisiana favor the property owner and this often means the tax lien holder has a number of steps that must be followed carefully to see a lien process through.
The Tax Lien Redemption Process
Despite popular belief, it is incorrect to say that the Louisiana Civil Code is, or stems from, the Napoleonic Code. Although the developing Napoleonic Code influenced Louisiana law, the Napoleonic Code was not enacted until 1804, one year after the Louisiana Purchase. A leading source of Louisiana jurisprudence may in fact be Spanish. The resulting "civil law" system in Louisiana does differ from the "common-law" system in the other 49 states.
Reasons Why Tax Liens Are Sold
So you are a tax lien holder! Congratulations! Now what? There are many reasons why tax liens are bought. The most obvious reason is to hopefully gain ownership of the property. But there can be other reasons. Tax liens can often be a place where money can be parked in the form of a lien and grow.
Purchasing Tax Liens in Louisiana
The purchase of a Louisiana tax lien is the easiest step of tax lien ownership. Taking a tax lien from initial purchase to a return on investment can often be a complex, time consuming, and expensive process. The laws and courts of Louisiana favor the property owner and this often means the tax lien holder has a number of steps that must be followed carefully to see a lien process through.
The Tax Lien Redemption Process
Despite popular belief, it is incorrect to say that the Louisiana Civil Code is, or stems from, the Napoleonic Code. Although the developing Napoleonic Code influenced Louisiana law, the Napoleonic Code was not enacted until 1804, one year after the Louisiana Purchase. A leading source of Louisiana jurisprudence may in fact be Spanish. The resulting "civil law" system in Louisiana does differ from the "common-law" system in the other 49 states.
Reasons Why Tax Liens Are Sold
So you are a tax lien holder! Congratulations! Now what? There are many reasons why tax liens are bought. The most obvious reason is to hopefully gain ownership of the property. But there can be other reasons. Tax liens can often be a place where money can be parked in the form of a lien and grow.