2007-09-27 05:21:55 · 13 answers · asked by lotsofluv40 1 in Business & Finance ➔ Taxes ➔ United States
U might have to look for an apartment. They will take your house and auction it off. Give u nothing and keep the profit.
2007-09-27 05:24:53 · answer #1 · answered by Vanka 3 · 0⤊ 1⤋
You will get a notice of delinquency in the mail. You will owe them fees and interest on the past due amount. If you still do not pay, they will eventually sell your property on the open market for back taxes.
2007-09-27 05:25:09 · answer #2 · answered by kja63 7 · 0⤊ 0⤋
You will have a period of time, perhaps up to five years, where the tax bills are sent over to the taxing body. Then you will get a notice that your property is being sold for taxes. You will have until the auction date to pay up your taxes.
So letting it go one year will not cause you to lose your property, but after several years the sheriff will sell your property and you will lose it.
2007-09-27 05:24:57 · answer #3 · answered by ninasgramma 7 · 0⤊ 2⤋
Eventually the property could be listed for sale to recover monies owed for back taxes.
2007-09-27 05:25:38 · answer #4 · answered by Steiner 6 · 0⤊ 0⤋
The tax man will cometh.
That will put a lein against the property and can end up selling your property to get their taxes.
Even if it is hard, contact them. You won't be the first and they can set up a payment plan for you.
2007-09-27 05:27:11 · answer #5 · answered by Tim 7 · 0⤊ 1⤋
Actually, if there is no will, a trustee/executor will be appointed by the estate and the house will be sold - all creditors must be satisfied as soon as possible and if there is a shortage, any other assets will be sold to make up for the shortage. If desired, the executor can have you evicted at any time.
2016-05-19 23:45:20 · answer #6 · answered by shana 3 · 0⤊ 0⤋
Eventually you will lose your home. How long it will take will depend upon your state but eventually it will be sold for the back taxes.
2007-09-27 05:30:21 · answer #7 · answered by Bostonian In MO 7 · 0⤊ 0⤋
They can put a tax lien on your house and before you could sell it and or change the deed to your house the tax lien would have to be paid off.
2007-09-27 05:30:40 · answer #8 · answered by geo 1 · 0⤊ 0⤋
You can loose your house to pay off the amount you owe. If you have a real GOOD reason why they might work with you but if you choose to ignore it then you get what you get.
2007-09-27 05:31:18 · answer #9 · answered by just me 6 · 0⤊ 0⤋
Eventually your home would be sold at sheriff's sale. If you are just a few months late, or sometimes maybe even a year or more, you can probably make arrangements to make payments instead.
2007-09-27 05:25:28 · answer #10 · answered by Judy 7 · 0⤊ 1⤋