Tag Archives: Mohave County tax lien

Tax Lien Seniority

One of the attractive things about tax liens is that they are senior to most other obligations, including mortgages. So what does that mean to a tax lien investor? First of all, if the mortgage is large, relative to the value of the property, it is likely that the bank will redeem you before you can foreclose on the property — if the owner fails to do so. But it also means that if you do make it through foreclosure, the mortgages will be wiped out and you will not have any obligations to the mortgage-holders. Continue reading