If my home goes into foreclosure, do i still pay property tax and how long?

Sharon
Sharon
Other/Just Looking
La Puente, CA

Tue Feb 3 2009, 13:28 - Foreclosure in La Puente - 3 answers
Helpful
 (0)  
Email Alerts
Send to a friend
Save
Report  
Answers (3)
Lynn911.com Dal...
Lynn911.com Dal...
Agent
Dallas, TX

GREAT QUESTION: If your home goes to foreclosure moment passes mortgage company you are no longer held responsible for taxes. Check with attorney determine if you can be sued for taxes not owed. Keep in mind once home is foreclosure cancel your insurance.

Web Reference: http://www.lynn911.com
Tue Feb 3 2009, 18:15
Helpful
 (0)
Link to this answer
  Report
Marvin Hernandez
Marvin Hernandez
Mortgage Broker
or Lender
Los Angeles County, CA

Property taxes will follow the property.

Tue Feb 3 2009, 13:52
Helpful
 (1)
Link to this answer
  Report
Blaison Samuel
Blaison Samuel
Agent
Union City, CA
FIRST ANSWER

Sharon,

If it goes to foreclosure then you dont have to pay property tax. After foreclosed then you are not the owner so dont have to pay after that also.

Why dont you think to do short sale instead of foreclosure, at least your credit will not be bad as foreclosed and you can buy a house in 2 years if you want. Talk to a short sale expert in your area so that they can help you better.

Blaison Samuel
Certified Short Sale Specialist
510-366-9405

Tue Feb 3 2009, 13:42
Helpful
 (0)
Link to this answer
  Report

Didn’t find what you were looking for? Ask a question!

More Q&A about Foreclosure in La Puente

View all »
Keith Sorem, Real Estate Pro in Glendale, CA
The bank just accept my offer but the property was red tagged for a gas leak & a problem w/the house line.
Answered Mon Oct 6 2008, 18:36 by Keith Sorem in La Puente
Read the answer
View all Foreclosure questions and answers in La Puente »
Search Advice & Opinions
e.g., "foreclosure", "short sale", "mortgage"
e.g., "San Francisco, CA", "New York, NY"
SEARCH
Foreclosure Center
Find the latest articles and answers on foreclosure properties! More »

Ask a question

Got a real estate question? Get answers from locals, experts and real estate pros.
Ask
Email me when…

Learn more

View all » 1 - 3 of 3
Map these properties
Copyright © 2009 Trulia, Inc. All rights reserved.   |   Fair Housing and Equal Opportunity
Help us improve our service—send us feedback