Results 1 to 3 of 3

Threaded View

  1. #2
    Join Date
    Jan 2006
    Posts
    38,867

    Default Re: Not Paying Property Taxes While in Foreclosure

    if you are doing a short sale, you are not "letting the property go". It is a sale just like any other sale other than the mortgage lender is releasing the mortgage lien for less than what is owed.

    You will still owe the delinquent property taxes and they will be expected to be paid at closing unless you negotiate something different with the buyer.

    btw: if you do a short sale, you need to not only get the mortgage lien released, you need to get a release from the mortgage loan completely, if that is what your lender is doing.

    1. Sponsored Links
       

Similar Threads

  1. Replies: 2
    Last Post: 02-03-2011, 12:38 PM
  2. Foreclosure: Foreclosure and Property Taxes
    By ksquared76 in forum Buying, Selling and Conveying Real Estate
    Replies: 1
    Last Post: 10-06-2010, 08:27 AM
  3. Foreclosure: Property Taxes After Foreclosure
    By mcado67 in forum Buying, Selling and Conveying Real Estate
    Replies: 1
    Last Post: 10-20-2009, 07:41 PM
  4. Who Pays Back Taxes for Property Bought After Foreclosure
    By bigjosh in forum Buying, Selling and Conveying Real Estate
    Replies: 6
    Last Post: 06-15-2009, 05:16 AM
  5. Mortgages: Mortgage Company Not Paying Property Taxes from Escrow
    By mseg731 in forum Buying, Selling and Conveying Real Estate
    Replies: 4
    Last Post: 07-10-2008, 05:01 AM
 
 
Sponsored Links

Legal Help, Information and Resources