Posted on: 16th Apr, 2013 01:14 am
My husband has a home which he purchased before we got married. And that house is not selling now. We are thinking of walking away from that property and letting it go to foreclosure. Will we be liable for paying taxes and insurance even we don’t make payments?
Unless the property is sold off, you will remain the owners of the property as on documents. In such a situation, you will be liable for paying the taxes and the insurance payments.
Welcome Guest,
As Niicss has said, you will be liable for paying taxes and insurance even if you donake payments. This is just because of the fact that the property is in your name.
As Niicss has said, you will be liable for paying taxes and insurance even if you donake payments. This is just because of the fact that the property is in your name.