What can you do with a tax deed once you have won it at auction in Calif.?

Question

Can you turn around and sell the property, rent it, do you pay on the mortgage and what about a second mortgage?

Answer 1

You own the property and can do anything legal with it that you wish.

Normally an encumbered property would be bought by the mortgage holder in order to preserve their interest. I have been told -- but haven't verified -- that the mortgage dies with the tax sale in CA. If that's true, you would own it free and clear. At any rate, a full title search would be a good idea to see if there are any other stains on the title.