When you buy one of these tax foreclosure properties for pennies on the dollar does the bank still own ?????

Question

If it still has a mortgage can the bank still claim the property?

Answer 1

youll have to pay it off before you can get title

Answer 2

Some tax foreclosure properties have a lien on them which stays on them.

The odds of getting a tax foreclosed property with no lien are VERY SMALL.

Answer 3

I have bought 40 tax foreclosures but never got one property.  After someone hasn't paid the property tax for 2 years, you can pay the tax. If they don't pay in 3 more years, you get the house.  A mortgage company would never allow the taxes to go unpaid for 5 years.  The mortgage would be wiped out by the tax foreclosure./