What is Tax Foreclosure Sales Mean?

[Joel Fraser]

Moe,Can you tell me what is the meaning of Tax Foreclosure Sales? Have you heard about it? I have heard a company that stated that there's a government owned property that the homeowners owed property tax and therefore they have the priority to auction off the property before the lender can auction it off. Is that true? What happens if the buyer buys a tax foreclosure sales, can the lender go after it was sold to the buyer by the Government? I am just curious how it works, this guy on tv seem very convincing, and their testimonial sounds appealing. They said that they bought 5 homes for less than $1000 when the homeowners did not pay the property tax and the tovernment auction it off because the lender did not pay their property taxes, so the government has the priority to auction off the property to get paid for the taxes owed. I know, if it sounds too good to be true, it probably is. Just curious.Thanks,Faith:eek: