Foreclosure of Tax Lien Certificate
This deal is going to auction soon, so time is of the essence. I'll appreciate any quick replies. This post is also in the Foreclosure section since I'm not sure of where it belongs.
I found a condo that had a judgement on it as of May 2000. It went for auction the first time in July 2001. It did not sell then. I'm assuming it was taken out of the auction because the block & lot number listed was wrong.
The property now has a "Foreclosure of tax lien certificate" which I'm assuming means that someone had a tax lien on this property and now wants to be cash in.
Questions:
1) This is NY State - 18% - has the property been racking up tax lien interest since May 2000?
2) Is the new buyer responsible for all the back taxes & condo common charges?
3) Who legally owns this property now that I can deal with - the tax lien holder ? - or can I go to the original owner and try to get it before it goes to auction?
Thanks, Bennett
cannot wait for your answers ... ....