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Tax Lien Investing Forum > Tax Lien Certificate Investing > Tax Lien Certificate Auctions > what happens to a mortgage after a tax lien auction? Does some of the mortgage g
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Author Topic: what happens to a mortgage after a tax lien auction? Does some of the mortgage g  (Read 686 times)
hvacrjohn
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« on: December 07, 2008, 02:46:29 AM »
I wanted to know if I let a land parcel go into a tax lien auction, does some of the money go to pay down the mortgage?
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Alterfemego
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« Reply #1 on: December 07, 2008, 03:55:08 AM »
Tax liens are first place then mortgages. If you buy a tax lien property on auction  chances are the mortgage will be written off. However, you want to make sure they won't come after you, so I suggest you use an attorney to guide you and make sure.
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Landlord
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« Reply #2 on: December 07, 2008, 04:06:36 AM »
No, it does not effect the mortgage.  The new lien holder will be the one you owe the tax money too, plus interest.
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