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Updated almost 2 years ago,
Buying foreclosure property as primary residence
I found a foreclosure property with the following info:
Opening loan balances: 1.2 m
Starting bid: 1.2 m
Market value: 4.5
Income tax lien: 250k
Say, I won the bid at 2 m (impossible I know), that would clear the opening loan balances against property?(1.2m)
But I would need to pay back 250k back taxes? There’s a way to find out how to settle these liens?
Thank you.
carol