Tax Sale - What happen to the HO when bank goes after overbid ?
I am reading in the forum that bank and mortgage company would go after the overbid when the amount is large enough, and a question just popped: How about the home owner, who pays monthly into the escrow ? Clearly the bank/mortgage is at fault (for not paying taxes from the escrow) - now just because the overbid is large, HO just loose the house ?@#$@
Your thoughts on this angle ? Thanks for sharing !!!!