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sktb_3 · Joined: 02 Oct 2009 Posts: 1 1.00 Dollars($)

Could you tell me what happens to the mortgage holder if back property taxes are sold and the tax purchaser files a lien on the property? If the lien is not paid within the two year period could the private mortgagor loose their money?

jameshogg · Posted: Fri Oct 02, 2009 9:44 pm Post subject:

Hi sktb,

As far as I know, the mortgage would get subordinated to the tax lien. The tax lien would get first priority. The property could be sold to pay off the tax lien. However, the borrower would still be liable for the mortgage dues. The lender will have the rights to sue the borrower for the mortgage payments.

Thanks

hemsleysue · Joined: 13 Sep 2009 Posts: 72 0.02 Dollars($)

yes. mortgage borrower has to pay taxes on topmost priority. otherwise it could be sold.

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property tax liens vs mortgage holder