Posted by JHyre in Ohio on July 30, 2002 at 11:26:40:
In most states, back property taxes take precedence over other liens…meaning that you would be on the hook, unless the bank paid the taxes off. Post on MNG, attention JT-IN and Ben(NJ)- those two are quite familiar with foreclosure and tax sales issues.
I’m looking at purchasing a property from a bank’s inventory of foreclosures. I know for a fact that the bank hasn’t paid the back taxes on this property. Who is responsible for the taxes if I were to purchase it? Thanks.