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Updated over 8 years ago on . Most recent reply

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203
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17
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Pandu Chimata
  • Real Estate Professional
  • Glendora, CA
17
Votes |
203
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County property auction sales

Pandu Chimata
  • Real Estate Professional
  • Glendora, CA
Posted

LA county property auction sales are coming up next month. I head property tax liens takes the first place over the other mortgage liens.  How do we figure that out ? Even if the property tax liens takes precedence, once the property tax lien is paid off, should the mortgage lender come back to get their dues ?

I want to make sure how does this works if we buy the property at property tax auction sale ?

Most Popular Reply

User Stats

221
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134
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Samantha Soto
  • Investor
  • Indianapolis, IN
134
Votes |
221
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Samantha Soto
  • Investor
  • Indianapolis, IN
Replied

I'm reading a book right now I would recommend.  It's call Zero Risk Real Estate by Chip Cummings.   It's all about how to buy tax deeds and tax liens.  I'm still such an amateur I couldn't give you much advice.  But reading books on the topic helps.  What I gather so far is that taxes are always first in line.  I think if you buy through a tax sale, anything you pay over and above the taxes due may go towards paying the mortgage.  But I don't think you would owe anything for the mortgage.  Maybe someone more experienced will jump in?   

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