Since I don't have ther money to pay for DECEMBER 2006 - FEB 2007 - Property Tax Bill.
2007-05-01 12:10:03 · 4 answers · asked by Mec C 1 in Business & Finance ➔ Taxes ➔ United States
The lender will pay them. If the property is sold at a loss to the lender you will be liable to them for the deficit.
2007-05-01 13:00:04 · answer #1 · answered by lcmcpa 7 · 2⤊ 0⤋
No, if you don't pay it, the lender will. However, depending on your state law, it is possible that the lender may be able to sue you for a deficiency between what they end up selling the home for vs. your loan balance plus any costs (including the property taxes.) So you may end up with a judgement against you that includes the property taxes.
2007-05-01 12:55:15 · answer #2 · answered by aj485 5 · 0⤊ 0⤋
If you're following through with the foreclosure, no you don't have to worry about paying any taxes! The bank would prefer you do that, but certainly not required since your property is in the final stage of foreclosure!
2007-05-01 12:26:59 · answer #3 · answered by YY 1 · 0⤊ 0⤋
If you don't pay them the lender will have to. They'll just be added to any deficiency and if the loan is a recourse loan the bank will be coming after you for it.
2007-05-01 21:46:19 · answer #4 · answered by Bostonian In MO 7 · 0⤊ 0⤋