Quote:
Originally posted by HowlingWulf
That's right but with some small print. One of those is if the IRS also has a lien against the house, that trumps the TLC and you get fuckall. However, most TLCs are for vacant land, so check to see if its a worthless plot. Those TLCs on property are usually redeemed before they mature. If the owner doesn't pay, the bank holding the mortgage isn't going to let some netwit wipe out their investment for a few k.
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true. if there is a big enough mortgage on the property, the bank would be most likely to bid on the TLC as well