LIEN SALE

The sale of the claim or "hold" placed on an asset that is done by the government when the property owner failed to pay the real estate taxes due. Lien sales are done as public auctions and it is on automobiles, real estate, and other personal properties. Depending on a certain state’s laws, contractors, subcontractors, and suppliers can put a lien on a property they have made on pending payment for the rendered services.