Posted on: 04th Oct, 2009 04:51 pm
My lawyer told me not to pay my property taxes because the house is being foreclouse will the county sell the house first
Nope
The lender will be responsible to pay the taxes at that time
Aftre the sale, the lender will pay the taxes and they may come after you for the dieficient amount depending on which state you live
The lender will be responsible to pay the taxes at that time
Aftre the sale, the lender will pay the taxes and they may come after you for the dieficient amount depending on which state you live
Hi dee!
Welcome to forums!
If you have an escrow account with your lender, then he would pay the property taxes from the money you've accumulated in that account. Non-payment of property taxes may lead to tax lien on your property. The county can even sell off your property to recover the tax dues.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
If you have an escrow account with your lender, then he would pay the property taxes from the money you've accumulated in that account. Non-payment of property taxes may lead to tax lien on your property. The county can even sell off your property to recover the tax dues.
Feel free to ask if you've further queries.
Sussane
beware the evil tax lien!
oh well, not really, because taxes are always given first priority over any other claims on title. there will be no need for a tax lien, unless one's already been placed, since the taxes will get paid before the lender when the home is sold.
oh well, not really, because taxes are always given first priority over any other claims on title. there will be no need for a tax lien, unless one's already been placed, since the taxes will get paid before the lender when the home is sold.
Yep the goverment will get paid first before any one