Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 5 years ago,
Are mortgages extinguished by tax deed sale in Arkansas?
Hi everyone! I'm looking for someone who has experience and/or knows the laws concerning tax deeds purchased via the delinquent property tax auctions in Arkansas. In particular I'm looking for clarity on this statement from the AR Commissioner of State Lands (the agency which conducts the sales):
The conventional wisdom on the internet is that a mortgage is extinguished by the tax deed sale in AR, but the best I can find in the state documentation is the above saying that it may be extinguished.
Does anyone have experience purchasing tax deeds in AR with an outstanding mortgage that can confirm the mortgage was extinguished (or not)?
Thanks!