Tax deed properties

[Josh Loayza]

So I need some clarity on this topic. I’ve done some research on this and I thought based on what I’ve found is that once I go to an auction and bid on a property and go through a redemption time and all, the mortgage would be deleted for I am buying the actual tax deed and not assuming the mortgage/mortgages, is that correct? Thanks guys

[Denise Evans]

@Josh Loayza, William watt, 

Lien holders have one year after receipt of certified mail notice to redeem, or first three years after auction, whichever is longer. I’ve blogged and posted about this extensively   Search on my name. 

Local government lien holders can foreclose without redeeming but do have to pay investor for taxes and interest but nothing else. 

A tax sale of a life estate transfers only the life estate, not the entire interest. 

I’m traveling and so it is difficult to answer more fully, using just my phone.