Tax sale help
I own an investment property that I thought was foreclosed on. However I realized the lender decided not to foreclose and just is just attempting to collect the $35k balance old. Which I have payment arrangements to repay. Since I thought they foreclosed I didnt pay the property taxes and the hom went up for tax sale and sold for $29K of which $1.6k was put down. Being that it hasnt been a year since the sale I am working on trying to redeem the property. My question is if I do nothing does that mean that I or the bank will receive the $29? I would be willing to let the home go and pay the remaining $6k. Less Hassle. Any comments or suggestions would be appreciated.
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