Notice of foreclosure of tax lien must include:

Terms Used In North Dakota Code 57-28-03

  • Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Property: includes property, real and personal. See North Dakota Code 1-01-49
  • year: means twelve consecutive months. See North Dakota Code 1-01-33

1.    The description of the property.

2.    The amount of delinquent property taxes and special assessments, with penalties, interest, and foreclosure costs, for the tax year foreclosed.

3.    The total amount required to satisfy the property tax lien.

4.    The time when the foreclosure will occur.