Foreclosures Discussion Archive 14

Illinois Surplus for Taxes

Posted by Illinois Lady on May 29, 2005 at 14:30:51:

I bought a property at a sheriff's sale but not I learn that the property has back taxes that I owe as the new owner.The price I paid at the sheriff's sale was higher then the first lien on the property.Can I as the buyer of the forclosed property somehow get to the surplus of funds?Do I have the right to get the surplus fund?

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Comments: : I bought a property at a sheriff's sale but not I learn that the property has back taxes that I owe as the new owner. : The price I paid at the sheriff's sale was higher then the first lien on the property. : Can I as the buyer of the forclosed property somehow get to the surplus of funds? : Do I have the right to get the surplus fund? Optional Link URL : Link Title :
    

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