Both Tax And Mortgage Foreclosure
What usually happens to the property in a Tax Deed State if there is a mortgage foreclosure and a tax foreclosure scheduled for after the mortgage foreclosure? I understand that the mortgage is junior to the tax but will the mortgage company still foreclose first? And what then happens to the property and the taxes? :wow:
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If someone buys it at the mortgage foreclosure sale , the delinquent taxes are her problem. That happens all the time.
If the lender takes it back ,tthey would either sell it before the property is deeded to the Tax sale buyer or they would bring the taxes current. I suppose that on rare occasions the lender loses a property after the tax sale and after the redemption period, but it would be exceptional.
Thank You, SammyVegas.