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Updated over 7 years ago on . Most recent reply

User Stats

91
Posts
67
Votes
Kiet N.
  • Atlanta, GA
67
Votes |
91
Posts

Tax Sale - What happen to the HO when bank goes after overbid ?

Kiet N.
  • Atlanta, GA
Posted

I am reading in the forum that bank and mortgage company would go after the overbid when the amount is large enough, and a question just popped: How about the home owner,  who pays monthly into the escrow ? Clearly the bank/mortgage is at fault (for not paying taxes from the escrow) - now just because the overbid is large, HO just loose the house ?@#$@ 

Your thoughts on this angle ? Thanks for sharing !!!!

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