purchasing tax lien sale properties in NYS

[Jodie Harding]

I am interested in purchasing a property that will be coming up for sale in a tax lien auction. I have never purchased a property like this and I'm concerned about what other costs that are attached to the purchase. Would I be responsible for any other liens or judgements that may be held against the property? What are some other possible costs that I could incur?

[Ned Carey]

The rules for tax liens are very state and sometimes even county specific. I suggest you look up the info on your local county's website. 

In general if you buy a tax lien you have no ownership rights in the property only a lien against the property. If you foreclose you wipe out all other liens and judgements against the property other than other county or municipal liens.