Posted on: 29th May, 2012 06:44 pm
I signed a Deed in Lieu in September 2006, surrendering the property to the bank after which the bank sold the property. I am now attempting to purchase another home and the title company states there is a judgement from a tax lien in my name, if I surrendered the home and the bank sold the home wouldn't they be responsible for the back property taxes in order to sell the home or am I still responsible?
welcome danib,
normally at the time of deed in lieu of foreclosure sale, the tax lien should have been paid off. you should clarify the matter once with the lender and then take a decision in this regard.
normally at the time of deed in lieu of foreclosure sale, the tax lien should have been paid off. you should clarify the matter once with the lender and then take a decision in this regard.
Hi danib,
If the property has been already sold off, then I don't think you should be liable for the tax lien. At the time of the property sale, the tax lien should have been paid off.
Thanks
If the property has been already sold off, then I don't think you should be liable for the tax lien. At the time of the property sale, the tax lien should have been paid off.
Thanks