Posted by Ronald * Starr(in No CA) on January 06, 2003 at 14:19:08:
Lou–(TN)--------------
The laws related to this topic are different for every state. I suggest you either study up the tax sales law yourself or talk with an attorney who is familiar with it–most will NOT be familiar with it. Try to find an attorney who has written something about the tax sales law for your state. Or call attorneys who do foreclosures for the lenders, they may know.
Good InvestingRon Starr**
Tax sale? - Posted by Lou(TN)
Posted by Lou(TN) on January 06, 2003 at 12:08:22:
If a property is sold at tax sale and the bank does not secure their interest in the property at the sale Who gets the property if they foreclose during the redemption period? I was told the bank had to be present at the sale and buy the property or else they forfieted their interests in the property.
Can they foreclose and catch up the taxes or is the owner the only one that can redeem the property?