Can you buy a foreclosed home by paying back property taxes owed?
Yes, that is true but only if the home is a tax foreclosure. The county tax foreclosure supercedes a mortgage foreclosure, and unless the bank pays the back taxes, they will lose any claim to the property and to the debt owed on it – that is why most banks have the taxes and insurance included in their payments. However, you cannot just walk in and pay back taxes and walk away with the home. When the county forecloses on a property, they provide equal opportunity to all citizens to buy the property (and no, they will not accept your payment for the taxes to buy the property). The county will sell either a lien on the property at auction, or they will sell a deed for the property at auction (it is different state to state, and sometimes even county to county).
