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I believe taxes trump mortgage, so technically the town can take the house for non-payment, but the mortgage company usually steps up to pay the taxes. That's what I've seen in my area most of the time. The mortgage company will likely pay off the taxes to get the house sold, whether it's a short sale or REO. If they don't, I think the new buyer would have to pay them.
Someone correct me if I'm wrong though.
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