[ms curio]

Lien holder recorded deed. Does lender lose property because they did not redeem tax lien?

[AK lawyer]

Lien holder recorded deed. ...

Huh? Recorded what deed?

Does lender lose property because they did not redeem tax lien?

Maybe. Has the equity of redemption expired?


Which state or country is this?

[Fr_Chuck]

Seldom have I ever seen a bank not pay the taxes due but ?

Was a lien filed after the tax sale, if so, someone errored greatly because they did not do a title search on it before they loaned the money.

If the owner knew there was a tax lien on the property and borrowed money without notifing the lender, there can be a issue there.


In all states where I have purchases tax sale properties, when the property is sold at the tax auctions, it voids all liens. A person may not borrow additional funds on the property at that point, ( or should not be able to, since a search of records will show the lien for taxes)

But redemption of the tax lien certificates ( may have other name in your states) makes the holder of the tax lien certificates the owner and they get a special deed (or some other name in other states) and it basically voids all other liens except for other tax liens. Example city taxes, IRS liens and the such.

[ms curio]

Huh? Recorded what deed?

The property has four parcel pin numbers. Since 2005 the lender has paid only side yard and five feet of house or two parcel pin property taxes. One tax lien buyer got three quarters of the house and his deed is now recorded. Another tax lien buyer has lien and is in prove up tax hearing to get deed. Does lender lose its mortgage on the property now that the deed to house is recorded? What a mess.

Maybe. Has the equity of redemption expired?


Which state or country is this?

cook county Illinois