I am new to tax liens and tax deeds. I read your article and I was wondering if you could answer a question I have in reference to tax sales.

What happens if the property has an existing first and/or second mortgage as well as other liens on it? Do these liens automatically get wiped out?
Example.
Property XYZ has $10,000 in back taxes and fees. It is sold at the auction for $10,000. It has a market value of $150,000. But it has a first mortgage of $115,000 and a second mortgage of $20,000 and IRS liens of $25,000. Do all these liens get wiped out or is tax lien investing safe in properties that are free and clear with no liens on them?
Thanks.

Neb