Property Taxes after Ride Thru

[Espresso]

I did a ride thru and stayed in my current condo. I am behind in my property taxes.
What could happen if I do not pay them and or stay current? Arizona resident.
Thank you

[justbroke]

Generally, the lender will be notified and the lender will then start paying the taxes. The lender will usually then escrow the taxes from that point going forward, unless you pay the lender what the past-due amount was. Your mortgage payments will go up significantly over the next year, as the lender tries to recover the disbursement of the taxes from the newly created escrow account, as well as collect the escrow payments for the following year's property taxes.

Worse case, is that the lender will foreclose as keeping hazard insurance and keeping property insurance and HOA/condominium fees up to date, is a condition of the security instrument.

[helpmeout]

If you don't pay your property taxes and the bank doesn't, then you will lose your condo. And if the bank pays the taxes, if you don't reimburse the bank, you will lose the condo. Right now, my bank is paying the taxes because it doesn't want to lose the house to the town. And when they sell the house after foreclosing, they will be able to recoup the cost from the sale of the house and insurance for any amount owed over the sale price. They just can't come after me for it.