Here, tax sale extinguishes everything, including recorded leases. But leaseholder would be given notice and an opportunity to pay up the taxes (which would then become a lien against the land). But the really smart leaseholder would show up at the sale and buy it, as you would never get a better deal. Unrecorded leases, of course, are only enforceable against the lessor, and are pretty useless against anyone else.
Was at a tax sale a few years ago, and there was a pretty valuable piece of commercial property, owned by a mortgage company, up for auction. At the intersection of US Hwy 12 and a major highway. Was wondering why a mortgage company would let it go, and discovered that it had been an old gas station site and was polluted. Turns out that a tax sale is the only way to shed liability under environmental laws, and the deep-pocket mortgage company was doing just that.
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Today's Featured Article - Converting from 6 Volt to 12 Volt - by Chris Pratt. It's a common problem for old machines especially when the weather starts to dip below 40 and the tractor isn't fired up as often. You are probably used to the 12 volt Diehard, charged with 200 amp alternator of your 3/4 ton that always is ready and always starts. It's this type of experience that brings about the many queries we get for 12-volt conversion kits. Since only a few kits are available (we sell kits for the
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