tax auction, mortgages, liens and liabilities

[Dell J.]

I am looking ino purshasing at the tax auction. However on the state website under terms of sale section there is the statement below.

Im trying to figure out what they mean. is it saying that the purchaser is not responsible for any leans or mortgages on the property? I cant imagine banks would agree to such a hing.

thoughts?

".....Purchasers of any property at auction do not assume liability for encumbrances
associated with the property. These encumbrances remain the responsibility of
the original property owner. If the property is not redeemed during the
statutory period of redemption, the government will provide a marketable title
to the purchaser....."

[Jerry K.]

Wow, that is something I have never looked into - Tax Deed sale in The US Virgin Islands! Research, research, research! Post back here what you find out and tell us how it goes. This would be very interesting to read about.