can you end up owning free and clear the property?

I went to an auction just to see, and there was a great home Tax lien sale for ,000… going into forcloure, does that mean that If i had bought the tax lien, I would have owned the place?

ONLY REAL advice please
Please please no response if you dont know…

I’m getting ready to go to another one tomorrow.
and still learning the Real estate investors/tax liens process.

Thank you.

 

  • Janet P 5:08 pm on March 3, 2010

    No, you would not own the place unless you pay off all the other liens.

    People are loosing their shirts at these sales. You did not see butchess there did you?

    You are buying a lien, not property. Even if you wait long enough to foreclose you still have to clear all of the liens.

    Many properties have mortgage liens these days for more then they are worth.

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