Posted on: 15th Sep, 2010 12:39 pm
may question is, are you still obligated to pay back property taxes, when you file the deed in lieu of foreclosure. please reply
Hi vinson,
Though you file deed in lieu of foreclosure, the property remains in your name until it is sold off. Thus, you'll remain liable for the back taxes on your property.
Though you file deed in lieu of foreclosure, the property remains in your name until it is sold off. Thus, you'll remain liable for the back taxes on your property.