November 21, 2007
Tax foreclosed houses and status of occupants
I am new to real estate investing and plan on buying tax foreclosed houses. What happens to the occupants of the property, will they get evicted? Will the new owner be responsible in paying for the mortgage every month of the said property or just be responsible in paying the property tax every year? I have heard from everyone that you are free and clear once you buy a house at an auction. Is this true and does it include liens? Any extra advice would be greatly appreciated. Thanks