I agree with Kerry. Property taxes follow the property not the property owner. When a bank forecloses, they have to pay the back taxes before they can sell the property. I further agree that it is very important that you continue to pay the homeowners insurance. If something happens to the property or someone get hurt while on the property, you will be liable until the bank forecloses.

Sure, you can just pay your tax bill.

What would be your incentive to do so? The bank will clear all tax liens against the property in escrow.

The better option is to keep current on your hazard insurance until the bank takes ownership at the court house steps.