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Updated 8 months ago,
Are Property Tax Liens/HOA liens paid from any surplus from a Sherriff Sale Auction?
Hi All,
I am from NJ and looking a to buy a property in Sheriff sale. The mortgage being foreclosed is a senior loan. There are no other subordinate/junior liens. However, the property does have Property tax lien and HOA lien. I am aware that if the property gets sold at higher amount than the upset price, the surplus amount is used to pay off any junior liens and the left over goes to the owner.
Will the surplus amount be used to pay off property tax liens and HOA liens?
Thank you all in advance for your help.