Repay Unpaid Mortgage from Tax Deed Auction?

By dhinternational  /  January 7, 2015 / Comments Off on Repay Unpaid Mortgage from Tax Deed Auction?

Repay Unpaid Mortgage from Tax Deed Auction?There are several questions which are probably bothering you when it comes to investing in tax deed properties. One of these is important since it would help determine if you are indeed making profits. Is there a need to repay any unpaid mortgage on the property that I purchased from a tax deed auction?

Well, the simple answer to this question is NO, though you may want to check with the county where you purchased the property in order to be sure. To make it clear, the property you purchased at a tax deed auction would be free and clear on any mortgages and lien, once the redemption period is over. However, if there is no redemption period, then the title to the property would be cleared at the time of the tax deed auction.

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