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Updated about 2 years ago on . Most recent reply

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Tax Liens & Mortgage Notes

held the loan, now they're defaulting

Denise Holder
Posted

Hi,

I have a friend who owns a small trailer park. He sold it to another guy and held the loan. Now he has discovered that the guy hasn't paid the taxes on it for about 5 years. What advice would you give him. Thank you!

Upstate New York, New York
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Ned Carey
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  • Baltimore, MD
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Your friend should pay the taxes ASAP and worry about the details later. A tax foreclosure can wipe out his interest in the property.

  • Ned Carey
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