Property taxes

[EdytaHome]

What happens to unpaid property taxes after forclosure. We haven't paid our Feb tax bill of ~ $1000, by any chance will this debt be assumed by the buyer of the forclosed property or will we be responsible for it...

[Minnymouth]

Good Questions
They took my home/land last October 2004. Bank has land, trustee has home.
NOW WHO PAYS PROPERTY TAXES AND INSURANCE.....
I paid taxes and renewed insurance in Nov of 2004 because I am still living in the home and on the land.
In process of "buy-back" from the Court and Bank.
Its still mine on paper work - but yet it's not mine legally as they have seized it in Oct of 2004.
So who pays tax and insurance for 2005 ??????
Any suggestions folks.......

[Minnymouth]

Hey Folks

Anybody got any input on this subject??

Sure could use some help or suggestions!!

Minny

[HHM]

It depends on state law, so I really don't know. It may depend on how the state prioritizes the debt, whether unpaid property taxes are superior to the Mortgage or vice-versa. However, since property taxes act a a lien on the property, they have to be satisfied in order for the bank to transfer clear title upon foreclosure.

I think your asking, does the unpaid property tax become a personal unsecured debt. If it does, I think it can be discharged in BK, because the type of taxes that are non-discharable are taxes based on your "income", so I think unpaid property taxes, to the extent they are not satisfied by the sale of property, can be discharged as to you personally.

[Minnymouth]

Thanks HHM for the info.

I figured I would get the taxes anyways, since it looks like I will be getting my home/land back in a buyback.

Guess I will just "count my blessings" - suckup and pay it, lol.

Will be SO GLAD when all of this is over, the last year has been a "wild ride".

Thanks for all the help,

Minny