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Updated over 9 years ago,
New Tax Sale/ Tax Deed state home investing
Hi guys, 26 year old newlywed from PA (tax deed state) and very soon to become a tax sale investor.
My husband and I are looking at some properties but are new to this territory and real estate investing in general.
Firstly, any advice you have in general on tax deed sales would be great. Secondly, can anyone clarify the following questions for us? (listed below)
1. If there is an existing mortgage on the house, who is responsible for it?
2. What does the potential of "paying off bank" mean in respect to an existing mortgage on the house?
3. How much should we expect to pay in house taxes each year?
4. Any advice in general moving forward with this? Warnings, cautions, etc.?
Thanks guys!!!