2007-10-27 07:21:32 · 4 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
Borrow the money or let it go to sale and buy the certificate back later.
2007-10-27 07:25:59 · answer #1 · answered by Anonymous · 1⤊ 0⤋
For the most part, you can't. You'll need to come up with the money somehow. How much time you'll have depends upon how your state handles tax sales. If you're in a "tax certificate" state, you'll have a year or more to redeem the certificate. If you're in a direct sale state, as soon as the hammer falls you'll have lost the house with little or no right of redemption.
2007-10-27 14:45:05 · answer #2 · answered by Bostonian In MO 7 · 0⤊ 0⤋
Filing for bakrupcty will offer some short term protection. The city or county collecting the taxes will need file a motion with the bankruptcy court and ask for their claim to be excluded from the protection that you are entitled at the time you file. It could take weeks if not months and may buy you enough time to get the funds together as well as wipe out your unsecured debt. Good luck.
2007-10-27 18:30:32 · answer #3 · answered by ka52_1 2 · 0⤊ 0⤋
Try to set up some sort of payment plan. They would really rather have their money than your house. I'd find a way to raise the needed cash. Sell some assets, get a second job, whatever it takes. Homes are lost to taxes in this country everyday. If you can't pay the taxes you can't live there.
2007-10-27 16:23:18 · answer #4 · answered by Classy Granny 7 · 0⤊ 1⤋