Legal Question in Real Estate Law in Virginia
If my home goes into foreclosure and their is a tax lien on it, if the home sells, is the purchaser now responsible for the tax lien?
Asked on 1/09/13, 3:06 am
1 Answer from Attorneys
Daniel Press
Chung & Press, P.C.
Assuming proper procedures are followed, and assuming the tax lien is junior to the mortgage being foreclosed (I.e., recorded after), the only way it is paid from the foreclosure is if the property sells for more than the mortgage balance. Then the surplus proceeds go to the next lien in line.
Answered on 1/09/13, 4:44 am