What is the primary consequence of a forced tax sale?

Prepare for the Georgia Real Estate Pre-Licensing Test with comprehensive flashcards and multiple choice questions, complete with hints and explanations. Set yourself up for success!

The primary consequence of a forced tax sale is that it allows for the clearing of outstanding debts through the auction of the property. When a property owner fails to pay property taxes, the local government can place a lien on the property. This lien means that the government has a legal claim to the property until the debts are satisfied. If the taxes remain unpaid, the government may conduct a tax sale, which is a legal auction where the property is sold to recover the owed taxes.

During the auction, the property is often sold for a price that is at least equal to the outstanding tax debt, with any excess funds typically returned to the former owner. This process effectively resolves the delinquent tax debt and relieves the burden from the property owner, allowing the property to be sold to a new owner who will then be responsible for ongoing tax payments. This mechanism serves to ensure that local governments can collect the necessary funds to support public services that rely on property tax revenue.

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