Tax Lien Foreclosure

  

You read online somewhere that property taxes are unconstitutional and you don't have to pay them. So...you stop. The government sends you a bunch of nasty notes, but as a sovereign citizen, you don't feel the need to answer.

The government takes the next step. It puts a lien on your property. You merely scoff. "Ha!" you shout, to no one in particular. "Patrick Henry never worried about no stinkin' liens."

Well, now we've come to the end of the road. The government is done fooling around. They've started tax lien foreclosure procedures. This step represents a legal proceeding meant to seize your property for non-payment of taxes. The government is going to take the property, sell it, and use the funds to pay your tax bill. It's the last resort when someone doesn't render unto Caesar, as they say online.

Find other enlightening terms in Shmoop Finance Genius Bar(f)