By Admin on Feb 10, 2009 in Renting & Real Estate

first mortgage
Chris L asked:


If a foreclosure has a first and second mortgage and back taxes does the new owner have to pay the second and back taxes to accuire(own) the property?

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2 Comment(s)

  1. Yes, if you want the property.

    Candy | Feb 17, 2009 | Reply

  2. Only the taxes need to be paid, the rest is the sellers bills. They have to have permission from the bank to short sell the property though (sell for less then is owed to everyone).

    Janet P | Feb 20, 2009 | Reply

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