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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] What happens in a tax deed sale with the lenders unpaid debt? Posted by Olga on November 13, 2001 at 2:58 PM I have a question: A house is being sold in a sheriff sale for unpaid property taxes and the lenders that hold the first and second mortgages started foreclosure proceedings. Can the second mortgage holder buy the property in the sheriff sale for the value of the taxes overdue? What happens with the owners'debt to the lenders? Thanks for the information!!! Olga Follow Ups: Re: Junior liens and interests are wiped off title by a foreclosing senior lien Ward-CA- 6:29 AM, 11/14/01 (0) Post a Followup: Name : E-Mail : Subject : Comments: : I have a question: : A house is being sold in a sheriff sale for unpaid property taxes and the lenders that hold the first and second mortgages started foreclosure proceedings. Can the second mortgage holder buy the property in the sheriff sale for the value of the taxes overdue? What happens with the owners'debt to the lenders? : Thanks for the information!!! : Olga Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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