Foreclosure and delinquent taxes in IN

[Sean Mcintire]

Happy Easter Sunday all,

Situation:

Looking at prop in Gary, IN.

• tape says the value is $50k
• Safe to say it's vacant for a while if not years
• rehab needed
• decent location - near a college
• $47,000 in delinquent taxes. (yes, $47k)

Question:  If we foreclose and take back the property is that tax lien wiped out?  I don't think so but am not sure.

Thanks.

-Sean McIntire