All Forum Posts by: Michael O'Leary

Thanks Dana! I know the difference between a lien, certificate and deed.   Yeah, I only believe half of what i see on Zillow or trulia. I was just looking for the address on the map and perhaps some photos. Since this is the first time I've ever seen the forfeited land property list, I found it odd that in looking online, a few of the properties popped up at first blush as being foreclosed, while still having outstanding tax liens. 

Same here Anastasia.

This is my first post so bear with me.

I am looking at the list of county government owned properties that are more than a year old the did not sell at the annual tax lien auction. The tax office told me there is no waiting period on properties on this list. If someone offers the opening bid, the bid is reviewed and if no one else has a bid in, the county immediately issues the deed.

I found a few properties that are listed as foreclosed on Zillow. So, what happens if I pay the tax and am handed the deed? I think if there were a mortgage on the property, it would be wiped, but what about when the property is already foreclosed and is owned by the bank? (Is this the definition of a REO?) I get the sense that I don't own the property free and clear. Am I at that point a thorn in the bank's side that they need to buy-out?

I'll leave it there. I hope that my scenario and question makes sense. Thank you.