How does tax certificates work after the redemption period?
A web user asks, I purchased a tax certificate on a foreclosure because the mortgage company hasn’t paid the taxes. I have called the mortgage company and they say they can’t find it in their system. The previous owner, who it was foreclosed on is a friend of ours so we know this bank is who should have it. After the redemption period does that mean the deed becomes mine even though it’s not a person who is deliquent on the taxes?
The previous owner that the property was foreclosed on in Feb 09 showed us the paperwork from the bank. The tax office also has them listed as owner.
Can you help them out? Post your advice!
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