Buying Tax Liens in NJ
Never done tax liens before. I'm interested in doing one on a targeted property. This property has a lien on it placed by the HOA for not paying several HOA dues. I had a few questions.
1.) How can I find out if there are any other liens on the property beside the HOA lien?
2.) How can I find out when it goes on auction? I currently don't see it on the city website.
3.) When I buy the lien certificate, and after the 2 years expires, I can foreclose and evict. Is there anything else in between or is that it?
4.) What happens to the mortgage on that property? Do I have to start paying that mortgage at the interest rate and monthly payment the previous owner has it for? Or do I have to pay the entire amount?
Thanks for all your help.