I purchased a home recently at a tax sale in ga. It is still well within the redemption period, but with hurricane Irma moving in has me wondering. Who is responsible if a neighboring home is damaged due to the property.fly debri off house or fallen tree? Would I be held liable or the original home? From my understanding I don't legally own the house just have a lien against it? There is no insurance currently on the home.
Thank you in advance for your help!
The present owner is still legally responsible for the damages.
Hopefully he has paid insurance.
If the house get damaged & he has no interest of repairing or insurance coverage. When you foreclose his right of redemption, that's what you will be inherited. This is one risk factor with investing tax deed with a redemption period that has no right to the property.