What happens to a tax lien if the property goes on foreclosure?
Aug 31, 2009 in
Questions And Answers
Lets say the owner cannot pay the mortgage and house goes on foreclosure and there is a tax lien on the property. The property is worth less than what is owed, no equity. What happens to the tax lien?
You mean the person that purchases the home is the one paying for the pending lien?
Like this post? Subscribe to my RSS feed and get loads more!
One comment
kemperk on August 31, 2009 at 6:07 am
the law is specific about what are called PRIORITIES in payoffs-
when buying a foreclosure–
a; IRS liens
b; tax liens
c; mortgage liens
in that order
You must be logged in to post a comment.