We plan on walking away from our condo and our property taxes are rolled into our loan. My questions are:
1- If the foreclosure takes long & the funds in the escrow account run out will the property taxes still be paid?
2- I think I know the answer to this but do I still need to pay the HOA?
3- What is your opinion on keep vacant insurance on the condo once we move?
Thanks for the help -
mickeyme
Discharged - Jan 09' Ch 7 - Property NOT reaffirmed
1- If the foreclosure takes long & the funds in the escrow account run out will the property taxes still be paid?
2- I think I know the answer to this but do I still need to pay the HOA?
3- What is your opinion on keep vacant insurance on the condo once we move?
Thanks for the help -
mickeyme
Discharged - Jan 09' Ch 7 - Property NOT reaffirmed