I have a unique situation. Years ago I had to take bankruptcy on my staggering unexpected medical bills from my cancer treatments. Right before that I had purchased a second home, before finding out about my cancer, and did not re-sign on it. Now the cancer is back and since the property is a rental I spoke to my lawyer and he suggested that I let the bank have it back. since I did not re-sign with them they can not come back on me and they can sell it. But here is the question, I have not been able to pay the property taxes on the house yet and they were due in January, when I found out about my cancer returning and needing treatment and still can not afford to pay them. If they end up selling the past due taxes, will the person who buys them automatically own the house and then what about the debt to the mortgage holder? What is the process with buying the taxes and who then owns the house? Thank you for responding. Terminal illness really sucks.
Kemperk, thank you so much for the much needed information. Also for your words about my health. Each day is an experience like no other but we still are better than those who have lost the battle. It is a relief to know that about the 3 years before it can be grabbed. This gives me more time to see how and what life deals to me. Again, thank you so much and I wish you well and good healthy happy living.
a; accept my compassion and feelings for you.
b; excluding IRS liens, when any house’s taxes are due,
nothing happens to the prop till the taxes are a full 3 yrs late.
then, one of two things occurs;
in those
12 states have tax lien CERTIFICATES’ sales [like in AZ where i am] or
the state has the full blown delinquent real estate tax sales.
IN either case, when the RE sale occurs, the mortgages are
wiped clean. [in cert sales, the cert buyer must go to court
to get a deed]
in either case, the mortgage holder–lender, has a right
by law, to cure the delinquency and take back the house.
If that sounds too vague, email me and I will re-phrase it.
if the first time you have ever been late on taxes is
this year— you have a minimum 2.5 more years to go before
your house can be sold for taxes.
u can donate your house, sell your house, you have
many options.
and check with Scandinavian doctor’s web sites for
additional approaches to cancer remediation.
a; accept my compassion and feelings for you.
b; excluding IRS liens, when any house’s taxes are due,
nothing happens to the prop till the taxes are a full 3 yrs late.
then, one of two things occurs;
in those
12 states have tax lien CERTIFICATES’ sales [like in AZ where i am] or
the state has the full blown delinquent real estate tax sales.
IN either case, when the RE sale occurs, the mortgages are
wiped clean. [in cert sales, the cert buyer must go to court
to get a deed]
in either case, the mortgage holder–lender, has a right
by law, to cure the delinquency and take back the house.
If that sounds too vague, email me and I will re-phrase it.
if the first time you have ever been late on taxes is
this year— you have a minimum 2.5 more years to go before
your house can be sold for taxes.
u can donate your house, sell your house, you have
many options.
and check with Scandinavian doctor’s web sites for
additional approaches to cancer remediation.
References :
RE broker, biz teacher