Posted by Ronald * Starr(in No CA) on August 14, 2003 at 18:55:44:
Your question is hazy to me. However, lenders have in their documentation the right to pay the delinquent property taxes and senior obligations to protect their situations. They then can demand a repayment from the property owner and, if they are not reinbursed, start a foreclosure on their loan.
Institutional lenders have “tax services” that watch for delinquent property taxes on the properties against which they have loans. A private lender is smart to check in the county tax collectors/treasurer’s office to be sure taxes are paid.
Good InvestingRon Starr******