Paying back taxes take over property does not make the bank whole, the bank would foreclose on property if you are not qualified to purchase a home. GREAT THOUGHT if it only worked.
The home has to go thru foreclosure procedures lenders quickly act OR can take awhile prior to house legal transfer to property back to bank. TIME is unknown, however when property does go foreclosure you will be served notice to vacate home without eviction process many times lender will offer a cash settlement for you move.
Sorry to hear about all this.
The bank is going to want all of what they are owed on the property. It is probably thousands of dollars.
They will want you out immediately most likely.
Be careful here Shannon. Protect yourself.....
Hope it works out for you.
Re\max Hall of Fame