Zombie Title question?

[Michelle Winland]

I know a person that walked away from property at the first notice of foreclosure. The title/property is still in their name, the taxes are in arrears and as far as the city/county is concerned they still own the property/house, they even still have a credit balance with the water company. It has been over 3 years since they walked from the property and first notice of foreclosure. Are you saying that if the county hall records state that the bank has "released the lien" or "released the mortgage" this person can move back into the house or sell the house with no consequences, other than owing the back taxes that is?

If this is true, what does the person have to do in order to sell it or turn it over in a quit claim deed?

Sincerely,

Michelle