I'm going into foreclosure soon and don't have any money. Do taxes have first lien over 1st mortgage?
2006-09-09 05:50:58 · 4 answers · asked by jeremiahcustis 1 in Business & Finance ➔ Taxes ➔ United States
Yes, taxes have first lien over all others. The government will get their money before anyone else does.
2006-09-09 05:51:35 · answer #1 · answered by Plasmapuppy 7 · 0⤊ 0⤋
Yes, taxes come first. Just because you lose the house doesn't make any of the debt go away. The house will be sold at auction. Taxes will be paid first. The mortgage holder will get whatever is left. You still own the difference between that amount and the mortgage balance plus collection costs.
2006-09-09 19:46:54 · answer #2 · answered by STEVEN F 7 · 0⤊ 0⤋
I am afraid to inform you that taxes must be paid.
Even if you not at home the governor will leave a note by you door..
"I'll be back"
Thats all it says...
2006-09-09 13:00:02 · answer #3 · answered by Anonymous · 1⤊ 0⤋
yes they do
2006-09-09 12:51:40 · answer #4 · answered by Anonymous · 0⤊ 0⤋