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Updated over 4 years ago on . Most recent reply

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172
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13
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Jonathan B.
  • Southeast
13
Votes |
172
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Tax deed auction - Overages/surplus question

Jonathan B.
  • Southeast
Posted

Hi Guys

In tax deed auctions, are the overages/surplus funds from a successful bid being used primarily towards paying existing Municipal liens / utility liens or any other survived lien before an owner can have a claim to it?

so If my bid was overall higher then the overall outstanding surviving, liens that would satisfy and I won't have to come out of pocket on-top that..? Would that be correct?

thanks

Most Popular Reply

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Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
62,841
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42,677
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Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
Replied
each taxing authority has there own rules..  you need to research them in the county state or sometimes city were your bidding on those liens.  there is not one answer fits all.
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JLH Capital Partners

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