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Updated over 7 years ago,
Owner Financing with tax auction problem
Wondering the process with this and what the solutions and outcomes could be. Not sure about nationwide but here in California if you don't pay property taxes for five years the home goes to tax auction for sale and I believe the bidding starts at what's owed in back taxes only, I think. So if your the note holder and the owner of the property is making his monthly payments, paying his property insurance but is not paying the property taxes.......what's the best solution to stop the tax auction from happening other than paying the property taxes yourself. Is the note holder protected in any way with this scenario. Seems to be much different than a regular foreclosure process for the note holder.