Pay real estate taxes during foreclosure?
My bank is in the process of taking back my home–meaning they are foreclosing on it. I understand that at this juncture I do not have to pay property taxes as the tax follows the residence–not me. So—-will I get arrested / jailed or anything like that if I don’t pay taxes when a house is in foreclosure?
Property taxes are due from the house. If you don’t pay them, the obligation will fall the the bank. Jail is not an issue. The bank may be able to sue you to recover taxes paid on your behalf depending on the terms of your loan contract and state law.
|
|
Quicken Rental Property Manager 2011 – [Old Version] $59.96 Quicken Rental Property Manager 2011 includes all of the features found in Quicken Home & Business, plus smart tools for managing your rental properties. Always know how your home-based business is doing. Helps maximize deductions and simplify your taxes. Manage Your Personal, Business, and Rental Property Finances in One Place Organizes Your Finances All in One Plac… |
|
|
Managing Rental Properties for Maximum Profit, Revised 3rd Edition: Save Time and Money with Greg Perry’s Foolproof System for: *Buying the right … tenants *Getting paid on time *Fixing and $5.83 Every Rental Property Manager’s Complete HandbookHow would you like to own multiple rental properties, make money from them, and have lots of spare time in this typically high-maintenance business? You can! Although many property managers lose more money each year on maintenance or long vacancies than they make in profit, with the right management system and some business savvy, you can rent out a… |
|
|
Deductibility of fees paid to postpone property settlement.: An article from: The Tax Adviser $5.95 This digital document is an article from The Tax Adviser, published by American Institute of CPA’s on May 1, 1997. The length of the article is 791 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.From the supplier: The U… |
|
|
TurboTax Home & Business Federal + State + Federal efile 2009 $42.89 TURBOTAX HOME & BUSINESS WITH… |
