How Long Before Bank Pays My Delinquent Property Taxes

[jk]

Wow, unknowingly, your rote copying and pasting of a statute actually answered my question, lol!

From above:

"C) upon a failure of the purchaser or borrower to pay two consecutive tax installments on the property prior to the delinquency date for such payments"

That explains it. They need 2 consecutive installments to be delinquent.

Thanks jk. Even though you don't know what you are talking about, you unknowingly gave me useful information!

sorry but again, you are wrong. That explains when they can mandate an impound account. It says nothing to the bank being required to pay the taxes or when they would have to require an impound account.

Do you enjoy being wrong? You seem to be good at it.

[Coleu]

sorry but again, you are wrong. That explains when they can mandate an impound account. It says nothing to the bank being required to pay the taxes or when they would have to require an impound account.

They aren't required to, but they do. They would be stupid not to. The tax lien is a superior lien to the first mortgage so they pay the taxes and impose the escrow account on you as soon as they can. I just couldn't figure out why they were telling me that they were going to pay the taxes and impose the escrow account and yet not doing it.

The reps on the phone were telling me they did it immediately upon the tax payment being delinquent, which wasn't in fact happening. I see now that the reps didn't understand that they can pay the taxes any time they wish but what they can't do is impose the escrow account until 2 consecutive installments are missed.

Thanks again for unknowingly copying and pasting useful information!

Take your problems and your tax delinquency and put it where the sun don't shine, pal. You're not worth as much of my time as you've already had.

Don't let the door hit you in the

Jk, despite his otherwise useless babbling, unknowingly copied and pasted useful information.

[jk]

Coleu;593576]They aren't required to, but they do. They would be stupid not to. The tax lien is a superior lien to the first mortgage so they pay the taxes and impose the escrow account on you as soon as they can.

you really don't understand the situation, do you?

I just couldn't figure out why they were telling me that they were going to pay the taxes and impose the escrow account and yet not doing it.

it takes time, if they are going to do it but they do not have to do it. They can let you get further and further behind on your taxes until the state expresses intent to foreclose. Then then bank can demand you make payment of the taxes immediately or they can foreclose on the property rather than losing it.

Why you believe they have to pay your taxes is beyond me. They simply do not have to until they take possession of the property. Whether your bank does as a matter of practice is entirely up to them.

The reps on the phone were telling me they did it immediately upon the tax payment being delinquent, which wasn't in fact happening. I see now that the reps didn't understand that they can pay the taxes any time they wish but what they can't do is impose the escrow account until 2 consecutive installments are missed.

but you need to realize they never have to pay the taxes.

Thanks again for unknowingly copying and pasting useful information!

sure, if you say so but I know otherwise. You should realize it too before you get further behind in taxes and lose the house.

Jk, despite his otherwise useless babbling, unknowingly copied and pasted useful information.

that statement shows your inability to understand what was written.

[Coleu]

jk, this will be my last post on this thread as you unknowingly answered my question with your rote copying and pasting.

You don't seem to understand some very basic facts of my situation. The bank's representatives have already in no uncertain terms told me they are paying the taxes. They routinely do this and have procedures set in place to identify when a borrower has not paid so that they can then be the ones to pay. That was never in question. The only issue was when they would pay and why they were waiting to pay.

Just to try to get through to you one last time what I think is a simple concept but you are having obvious difficulty grasping - the banks routinely do this for a very, very, very, very good reason - THE TAX LIEN IS SUPERIOR TO EVEN A FIRST MORTGAGE. If they let it get to the point that a tax lien is filed, they have compromised their interest in the property. That would be dumb of them to do that.

I put that part in all caps in the hopes that it would sink into your head why a bank would do this. If all caps can't convey that concept to you, then I give up.

[Dogmatique]

Coleu:

No need to troll.

[jk]

jk, this will be my last post on this thread as you unknowingly answered my question with your rote copying and pasting.

You don't seem to understand some very basic facts of my situation. The bank's representatives have already in no uncertain terms told me they are paying the taxes. They routinely do this and have procedures set in place to identify when a borrower has not paid so that they can then be the ones to pay. That was never in question. The only issue was when they would pay and why they were waiting to pay.

Just to try to get through to you one last time what I think is a simple concept but you are having obvious difficulty grasping - the banks routinely do this for a very, very, very, very good reason - THE TAX LIEN IS SUPERIOR TO EVEN A FIRST MORTGAGE. If they let it get to the point that a tax lien is filed, they have compromised their interest in the property. That would be dumb of them to do that.

I put that part in all caps in the hopes that it would sink into your head why a bank would do this. If all caps can't convey that concept to you, then I give up.

ROTE is an entirely different word and it does not fit where you have used it. My pasting and copying is not a rote activity. It is used to allow the reader an reading of the text unaffected by me possibly summarizing.

THE TAX LIEN IS SUPERIOR TO EVEN A FIRST MORTGAGE.

let me tell you, for the last time:

it doesn't matter. They do not have to wait until the property is sold for taxes to deal with your refusal to pay your taxes.

[Coleu]

Coleu:

No need to troll.

Dog, read my other thread. HE STILL DOESN'T GET IT!

No trolling here. Just banging my head against the wall.

[jk]

Dog, read my other thread. HE STILL DOESN'T GET IT!

No trolling here. Just banging my head against the wall.

You don't get it. You seem to think you can require the bank to pay your taxes; you can't. What and when they will do is up to them but, as you stated in your other thread, since you did not sign any loan contract, what difference does it make? You don't owe anything so who cares about the mortgage loan?