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In NY tax auction is property purchased w/o guarantee of title and subject to any non-mortgagor liens
Optional Information: State/Country relating to question: New York
That is correct. Unless you purchase title insurance, which is hard to do in a tax auction, you are not getting a guarantee of title. And it is true that the liens run with the land, so you would "inherit" any non-mortgagor liens. Therefore, it is essential that you do careful due diligence before purchasing anything at a tax auction or else you could end up with much less value than you thought you were acquiring.Good luck to you. Please press the green ACCEPT button. Thanks.
Experience: Experienced real estate lawyer and real estate broker.