With tax sale properties, do banks redeem the properties after tax sale? The answer to this question is “maybe.” If a property makes it all the way through tax sale without the bank coming in and paying off the taxes, it’s likely that the records of the mortgage have been lost or misplaced. An accounting/filing error is usually at fault in these cases. Mortgages are often sold and resold and along the way, paperwork can be misfiled.
More here:Tax Sale Properties – Do Banks Redeem the Properties?
