Login Form
Lost Password?
No account yet? Register


Financial Web
Thinking of refinancing? California's refinance market will show you why it's not too late, and possibly save you money.

Tax Liens Discussion Board  


Boardwalk :: Forum List Tax Liens General Discussion
bxhmong
User

New User
Posts: 3
graphgraph
 
 need more info... - 2007/09/17 07:41 hi, i'm new to all this stuff and i was wondering...if a tax deed is sold, do the buyer of the tax deed takes over the mortgage that was left behind?
  | | You need to login or register to post a message
Luanne
Admin

Admin
Posts: 57
graph
 
 Re:need more info... - 2007/09/17 16:29 Hello TaxLiens.com User,

Thank you for your question. No, if you are the buyer of a tax deed property you are not responsible for taking over the mortgage.

If there is a mortgage, most likely they will reclaim the property within the redemption period.

Thanks,

Luanne
Admin
  | | You need to login or register to post a message
bxhmong
User

New User
Posts: 3
graphgraph
 
 Re:need more info... - 2007/09/18 08:18 so before it can be a tax deed property, the owner of the property has to pay off the mortgage? and then the tax not paid by a given time, the property will be a tax deed property?
  | | You need to login or register to post a message
Luanne
Admin

Admin
Posts: 57
graph
 
 Re:need more info... - 2007/09/18 14:14 Hi,

No the property owner does not have to pay off the mortgage. This is why tax deed properties are so lucrative. Many tax deed properties are paid in full- or the mortgage holder is unaware of the situation.


Thanks,

Luanne
Admin
  | | You need to login or register to post a message
Boardwalk :: Forum List Tax Liens General Discussion

Joomlaboard Forum Component 1.1.2 Stable
Two Shoes M-Factory