How can I Own a home after I purchase a Tax Lien on a property in CA?
Feb 20, 2010 in
Questions And Answers
I’ve read and heard the following:
*If the owners of the property continues to not pay the property tax, All mortgages are wiped out? is this TRUE or FALSE?
* How can I own the property "Free and Clean" if the owner does not pay the property tax, and the home goes into foreclosure, he does not file bankruptcy?
*What about the other Liens on the property? Mortgage Liens?
* is this a good investment buying Tax Liens ( to potential become ownership)? free & Clear?
ONLY Real Answers please, NO negative remarks ..
5 points to best answer.
Real experience/professional preferred.
Thank You.
spelling error;
FREE AND CLEAR OF OWNERSHIP
Thank YOU! 
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One comment
Janet P on February 20, 2010 at 1:25 am
Owning a tax lien is just that. You own a lien, ie a debt, not any property.
Tax liens do not wipe out any other liens and not never first, always second to a mortgage. You could loose your entire investment if the house forecloses, as the mortgages will be paid before you will. There could be many other liens in front of you as well.
Whoever told you that tax liens are "free and clear" is conning you, it is a VERY common scam. I am surprised anyone falls for it, but people fall for the Nigerian one day after day too.
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