Back taxes on a 1st Trustee Note?

Question

If a person is a private trust deed investor and they want to sell off one of their notes to a real estate broker, do all of the back taxes have to be current? The note is a 1st trust deed on undeveloped land.

Answer 1

If there are back taxes, in most jurisdictions, they cancel out the first trust deed entirely, as though it had never been entered into. The answer to this question is actually a local law question. As such, you will need to find a local attorney.