My house went up for a tax sale and someone purchased the certificate. They are about to foreclose. My father is on SS disability and we live in New Jersey. He is half owner of the house which he shares with a brother. The house is paid off except for the taxes. Are there any programs, loans, or any help out there that can save my house?
2007-10-19 14:57:36 · 3 answers · asked by aamanda_88 3 in Business & Finance ➔ Renting & Real Estate
Have him talk to a bankruptcy attorney immediately. A Chapter 13 filing would halt the sale and give him the opportunity to pay the outstanding taxes off over a three year period.
2007-10-19 15:13:24 · answer #1 · answered by Anonymous · 1⤊ 0⤋
Your financial ruin will provide up the foreclosure regardless of in case your ex-important different does no longer report financial ruin. The mortgagee will do regardless of it may to be paid. If it feels like you're dragging your ft, they'll report a action for relief from the automatic stay. now and again, the mortgagee will settle for a "Deed in Lieu of foreclosure." although, if there are an excellent style of judgments and different liens adversarial to you and your ex-important different, a foreclosure sale is the in basic terms way that they could sparkling those liens. Banks used to seek deficiency judgments adversarial to mortgagors after homes were foreclosed. I easily have not considered any banks attempt this for the time of cutting-edge years.
2016-10-21 10:45:39 · answer #2 · answered by ? 4 · 0⤊ 0⤋
It appears that New Jersey allows redemption of the tax sale certificate by the property owner prior to foreclosure. Please read the provided URL for more information, and immediately speak to the property tax division in the municipality in which you are located for further guidance.
2007-10-20 00:48:02 · answer #3 · answered by acermill 7 · 0⤊ 0⤋