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Updated almost 4 years ago,

User Stats

31
Posts
10
Votes
Jennifer T.
10
Votes |
31
Posts

Question About Right of Redemption in PA

Jennifer T.
Posted

In PA, mortgagees (lenders/banks) can also redeem tax delinquent properties with same redemption period as the owner. My question is, why arent they always redeeming delinquent properties (assuming most houses do have a mortgage on it) by paying a bit of tax on it? It seems like a great deal for banks just pay a few thousands in owed taxes and get a house! 

So, how does any house make it to auctions, or am I not getting something right? 

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