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Updated almost 6 years ago,
California Tax Auctions
I am considering purchasing a home through my city's Tax Deed Auction next month but am not sure on the process if I win an auction. So with the home sale, all mortgage liens...etc. are forgiven, correct? Only things that potentially remain are other government liens, utility liens, and contractor liens, correct?
What are some of the biggest risks with purchasing a property this way outside of the "As-Is" requirement since I can't inspect fully? Thoughts here? Are there any special considerations that should be made if the home would be in California versus other states?
Thanks in advance for any additional insight here!