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Updated almost 10 years ago, 03/07/2015
does a tax sale supercede the mortage
Lets a you buy a property at a tax sale and it has a first mortgage with a bank lets say wells fargo (just for fun) who is responsible for the rest of the mortgage?
Would I have to pay it since now I have a deed for it? I would think the person who signed for it would be the one since they guaranteed it. The reason I am asking this is bc I called the tax sale office and a woman told me that I would still be liable for the mortgage.
This is in arkansas, I know that all municipalities liens I would still be responsible for.
Thanks