1) the lender wants to keep the property and will pay taxes for you at any cost to protect their investment
2) if you owe taxes you need to let the lender know so the can force place a escrow account for you if your type of loan cant have a force place escrow no worry they will just put them in dequincy fees that can be paid at ANYTIME HOWEVER if your loan can have a force place escrow your payment will increase but they will be able to spread the escrow over 24 - 32 - 48 months witch does make your payment cheaper if you chose to not pay taxes your house will go for a tax sale or a tax lien
- Escrow Agent
Usually, the bank takes 1/12th of the estimated taxes and you pay that with your mortgage. The bank then pays the taxes on your behalf. The bank is not doing this to be nice!
They are protecting their investment. If taxes are not paid they incur late fees, investors but tax certificates and after awhile the interest and fess build up.
Visit the Miami-Dade County Tax Appraiser Website and type in your address- you will see what the status of your real estate taxes are.
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