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Tax Liens vs NPNotes

  • June 22, 2016 11:45 PM
    Message # 4092556

    hi all,

    I have a question... if somebody posses a Tax lien (person X) and some other person owns the Note(Person Y) for the same property... who has the right to foreclosure if both liens are not payed off by the home owner?

    Regards,

  • June 23, 2016 11:36 AM
    Reply # 4094496 on 4092556
    Mahir Allan (Administrator)

    Great question Roberto,

    Both the tax lien and the mortgage lien have the right to foreclosure.  In a typical situation the mortgage holder would advance funds to payoff the tax lien in order to secure themselves.

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