my house is in foreclosure, am I still responsable for the taxes?

Answer 1

Technically yes. But practically why would you pay them?
Philo, sorry I have never seen the IRS involved in a property tax obligation. As a realtor you want to be more careful about guessing.
Actually most property tax debts are not reported on a credit file, or subject to any other collection effort, except to place a lien on the property.
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Answer 2

Yes, you are responsible for the taxes for as long as you are the property owner. Once the home is sold at sheriff sale, you are not responsible for any taxes after that date.

For example, if your taxes are $365 this year, then that is $1 per day. If you own the home for 330 days, you pay $330 of taxes and the new owner will pay the remaining.

Of course, if you don't pay them out of your pocket now, they will be paid from the proceeds of the sheriff sale. Property taxes are paid first, then the mortgages and other liens. So they will be paid no matter if you are in foreclosure or not. But they will be taken from the proceeds of the sale if you do not pay them directly.

Answer 3

No tax attorney required.

You are still responsible for ALL costs of the home, per your mortgage agreement until the day the home is sold, and then anything the sale of the house doesn't cover, the bank will come after you for.

That is because the bank will have to pay them in order to transfer clear title when the home is sold and they will past that cost on to you in the event of a deficiency judgement.

PS: Gatsby is dead wrong...propery tax liens that are unpaid when the house is sold FREQUENTLY show up on credit reports, and the only reason the IRS doesn't get involved in property tax liens is that there is NO SUCH THING as a federal property tax...it's a STATE issue.

Anyone who has viewed a few thousand credit reports over the years would know that.

Answer 4

You should consult a good tax attorney. You may still be responsible, if you are still the owner of title as of Dec.10th, the final Due date ( IN California anyway) for the upcoming tax installment. One day late add 10% on Dec. 11th, 2007.
See if there are any further things that you may not have considered. Everyone is in deep doo doo now. They call it a housing crisis, but I call it what it is ..a Banking Breakdown.

There is an old saying on Wall Street. "If you're going to be a Pig, you're bound to get slaughtered."

Well, finally ... BANKS ARE GETTING SLAUGHTERED.

It serves them right. All their lobbyist's pressured Congress to pass laws that would benefit the banks and screw the consumer. NOW, they'll get theirs!

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