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Old 10-21-2008, 01:05 PM
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Default tax question - buying property for the taxes owed

if i buy a house for the taxes and the house has a mortgage am I responsible for the mortgage or what happens to the mortgage?
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Old 10-21-2008, 01:07 PM
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are you referring to buying house at sheriff sale, if so than the mortgage has been released. If you are buying at a tax sale than the mortgage is released from the property and the mortgage holder is still responsible for the mortgage. That is why and you paid what was asked, then you bought the house. There IS no mortgage--no matter what was on the property before. If you paid off BACK TAXES on a house, whomever the house was deeded to still owns it...and you just paid THEIR taxes. you aren't clear, so it's not possible to answer.
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Old 10-21-2008, 02:23 PM
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..if you take ownership,..it's yours..
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