Reply #3: Property taxes are usually treated as a super lien which cannot be cleared through foreclosure.

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Tax buyers can seize title from banks if the taxes are delinquent.

The process takes a long time, and revenues to local governments do become impaired, while the problem of blight accelerates.

A proposed "solution" like this sounds pretty futile, however. Banks seldom absorb the cost of such fees, and usually find a way to pass it on to buyers and sellers in the ordinary course of closing real estate transactions.