Tax, SDIRAs & Cost Segregation
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 2 years ago,
Mortgage not paid for 7 years & Bank has not Foreclosed
Aunt didn’t know she still owned this property in the countryside of Georgia, USA, she’s been I’ll for the past 7 years. She has not paid the mortgage in 7 years and there are tax lien on the property. I do know normally after a the tax lien it would be sold on the court house steps but for some reason it’s not going to the tax sale. The bank on the county records has no info on the loan, but this other mortgage service supposedly want her to pay them, but there is no record of them being the new mortgage. Is there a statute of limitations? They have had 7 years to foreclose and they haven’t. What should I do so that I can get the house ? Also the amount for the mortgage is definitely more than what the house is worth.