Forum : Buying tax liens on mortgaged properties?

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Buying tax liens on mortgaged properties?

UserPost

6:52 am
April 21, 2009


gromg

Guest

1

Good idea or bad idea? Why?

10:40 am
April 21, 2009


jozzy111

Member

posts 131

2

Good idea if you are after the interest rate – they are guaranteed to redeem since the property is the security for the mortgage holder.

10:42 am
April 21, 2009


Josh

Member

posts 158

3

Correct, tax liens are superior, and if the tax lien holder forecloses the property he can wipe out the mortgage.

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