Whoever is on recorded title is responsible for paying the taxes; if taxes are not paid, a lien will likely be placed on the property.
When purchasing a foreclosed home (or any type of home) the Title Company (or attorney) will verify that taxes are up-to-date, otherwise, the seller will need to make current or buyer/seller come to some agreement.
Mark D Fleysher, MBA, Broker, REALTOR
The Jack Conley Realty Group
C. 702-291-8186 F. 702-946-0843
RE: Foreclosed Properties sold on the MLS with a Realtor:
In Las Vegas the owner of record (Usually the bank on foreclosed properties) pay the all deliquent property taxes.
The same applies....owner/bank will pay for all deliquent HOAs, sewer, water, electric, etc.
All buyers receive clear and good title!
Should you or your friends/family have any Las Vegas real estate needs or questions, pls feel free to contact me at anytime....
Thanks and have a great day!
Julia St. Marie, ABR, RRG, RSPS
Realty ONE Group
Certified REO Specialist
Direct: 702-355-H-O-M-E (4663)
Video Newsletter: http://realtytimes.com/REUv/LVrealEstateLady
First Weber Group
Certified Distressed Property Expert
Debbie Albert, PA
Coldwell Banker Residential
So in a nutshell it is all of us in the end no matter how it stacks up.