Pa Rules For House Purchased At Tax Sale
I purchased a house in Pa at tax sale. Had someone do some searching and nothing could be found as far as any liens so I went to the county sale and purchased the property.
Three days after the tax sale a mortgage foreclosure was filed. I have the deed to the property in my hands and have taken posession as well. Does the bank have the right to come take the property off of me now or will they just want there money and put a lien against the property.
This is one of my rental homes and I have a new tenant moving in on March 1. I tried contacting the bank several times to discuss the matter however once I explain the situation they states they need to get back to me and I never hear back from them
I just want to make sure that there wont be any problems and that the bank does not come and pad lock the door and try to throw my tenant out.
Anyone know the law or have experience with this
The following is a quote from a Tax Claim office in reference to a tax claim sale that took place in Sept. 2004
"EVERY SUCH SALE SHALL CONVEY TITLE TO THE PROPERTY UNDER AND SUBJECT TO THE LIEN OF EVERY RECORDED OBLIGATION, CLAIM, LIEN, ESTATE, MORTGAGE OR GROUND RENT WITH WHICH SAID PROPERTY MAY HAVE OR SHALL BECOME CHARGED OR FOR WHICH IT MAY BECOME LIABLE"
Check the Pennsylvania Real Estate Tax Sale Law.
This was NOT a Judicial Sale. I have since found out that I assume any liens and what not to the property when I purchased it and yes you are right a good title search should have been done however that is not the case anymore since I now own it. Does the bank have the right to now take the property off of me or will they just lein the property since it has changed hands of ownership??