California Tax Deeds?

Question

Ok so after you purchase a tax deed you own the said property? correct? However what happens to the mortgage? Don't you have to make those payments? Or does it just disappear?

Answer 1

The property is pledged as security for the mortgage. Someone will have to pay it off or the lender will foreclose on the property. If you bought a property via a tax deed and there's a mortgage on it, get ready to start making payments.

In the vast majority of cases where real property is encumbered by a mortgage and is sold for back taxes, the lender buys the property from the taxing authority in order to preserve their security interest.