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Posted by steve on August 22, 2002 at 01:09:47:
i have an interesting question regarding foreclosures and postponed property taxes
in CA, some persons (often elderly) qualify for the State to postpone their property taxes - it seems to me that the state may pay the county and then plan to recover the funds at a later time (perhaps through escrow in the event of a sale) - -
the question is: if a foreclosing deed of trust is senior to this postponed tax - - does it get wiped out ?
is there verbiage that converts this from a Tax lien to a regular lien - in which case it is no different than an AJ/etc.??
any civil code references?
thank you for your input(s)
steve
