Hi, my name is David Miles. I'm an enrolled agent with 2020 Tax Resolution. Today, I'm going to discuss tax liens and securitization. The IRS tax lien is the IRS's effort to secure its right, title, and interest in the property of a taxpayer who owes the IRS money. There are two types of tax liens: a statutory tax lien and a notice of federal tax lien. The statutory tax lien is created automatically 10 days after the IRS makes a demand for payment, and that remains unpaid. On the other hand, the notice of federal tax lien is a filing that the IRS must make, usually at the county level, to secure its interest against third-party creditors. This is most commonly done in the example of property where the IRS must get in line with mortgage companies. In addition, the notice of federal tax lien can have a disastrous effect on a taxpayer's credit. Unfortunately, a notice of federal tax lien, once filed, will not be released until the debt is paid in full. However, there are now some exceptions to that as the IRS Commissioner has introduced the fresh start initiative. If you have questions regarding tax liens or securitization, please contact an enrolled agent or other qualified tax professional to discuss it in more detail. My name is David Miles, and I'm with 2020 Tax Resolution. Those are my thoughts on tax liens and securitization. Thank you for watching.