2007-10-28 08:20:32 · 6 answers · asked by A R 1 in Business & Finance ➔ Taxes ➔ United States
Cops come to your house and taser you.
2007-10-28 08:27:41 · answer #1 · answered by Bloake 1 · 0⤊ 2⤋
Ultimately you'll lose your home. The specific processes vary from state to state and sometimes among the various jurisdictions within a state. Contact your tax district for an explanation of the local procedures. In some states you have a year or two to redeem your property after the sale. In others, once the hammer falls it's all over except the crying.
2007-10-28 17:15:03 · answer #2 · answered by Bostonian In MO 7 · 1⤊ 0⤋
Your county will have an annual property tax sale and a buyer will pay your taxes. Then you will have a lien on your house and you can't sell or refinance until you pay off the lien holder which will include interest, filing fees, and penalties. After a period of time also known as the redemption period, the lien holder can seek legal action and request a tax deed for the property then you will lose your home. Pay your bill to safeguard your property.
2007-10-29 10:21:12 · answer #3 · answered by Gary 5 · 0⤊ 0⤋
You'll get a couple of overdue notices, then eventually your property will be put up for sheriff's sale for the unpaid taxes. Most places this would take a year or more. If you make arrangements to make payments on the overdue amounts, you might be able to hold off a sale.
2007-10-29 18:28:13 · answer #4 · answered by Judy 7 · 0⤊ 0⤋
Different states have different laws. Eventually (five years in my state, California) the property is sold at a public sale. If there is a mortgage holder, it would probably pay the taxes then foreclose on you.
2007-10-28 16:12:36 · answer #5 · answered by Anonymous · 1⤊ 1⤋
The property is sold by the City.
2007-10-28 15:29:10 · answer #6 · answered by mary s 2 · 1⤊ 1⤋