Foreclosure in 89102>Question Details

Wilson6, Home Owner in 89102

House in TX will be auctioned 1st Tues Nov 2011 due to filing Ch 7. I just received a $2800 prop tax bill for 2011. Is it my responsibilty or buyer?

Asked by Wilson6, 89102 Wed Oct 26, 2011

House is current on all previous years taxes.

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That is definitely a question for your attorney. But, consider the interests at work here. In order for the lender (who is auctioning off your property), to recover “some,” of their money; the title (or ownership of the auctioned property), will have to transfer to the new owner who is buying the property. And, before that can happen the taxes will have to be paid. If you don’t pay the taxes it is likely the bank will pay the taxes themselves. The potential for the bank to recover 10’s of thousands of dollars through the auction is more compelling to them than to save the $2800 by not paying your tax bill. It is possible the bank may try to pursue “you,” for your tax bill that they had to pay, but here again; that is where counsel from your attorney needs to come in to offer you some guidance as to what liabilities you may run into depending on the choices you make.
0 votes Thank Flag Link Wed Oct 26, 2011
One problem is that the house probably will NOT be auctioned on Nov. 1st.
Very few Auctions go thru due to the Reserve that the Bank places on them.

You will need to talk to your Attorney for the BK; that is his baliwick.

Good luck and may God bless
0 votes Thank Flag Link Wed Oct 26, 2011
Just just claimed BK, call your attorney.
0 votes Thank Flag Link Wed Oct 26, 2011
OK. If the house is going to Auction next week, but the taxes are not due until 2/12, how does that work?
0 votes Thank Flag Link Wed Oct 26, 2011
Property taxes stay the responsibility of the current owner and stay with the house. They are not wiped out with bankruptcy. The property taxes need to be paid especially if teh buyer is getting a mortgage as the mortgage company will mandatye it,
Web Reference: http://www.ScottSellsNH.com
0 votes Thank Flag Link Wed Oct 26, 2011
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