What happens when you buy a tax lien on a property with a mortgage?
Oct 21, 2009 in
Questions And Answers
If the owner of the property does not repay the taxes in the specified time frame, and you have to foreclose, I assume you must also pay the mortgage. Is this correct?
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One comment
Sally on October 21, 2009 at 8:33 pm
You need to know a few rules for your state. In many cases the person has a few weeks to many months to redeem even after you foreclose so that is something to look out for.
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