A homeowner is going through a foreclosure, what is the homeowner's responsibility for the property tax?

Asked by John, San Lorenzo, CA Sat Nov 15, 2008

A homeowner is going through a foreclosure, what is the homeowner's responsibility for the property tax? Are they liable to pay the property tax or does the property tax goes with the property?
I'm still in a learning process...I was asked by an client regarding this question, I been doing research regarding this matter and still is uncertain, need fellow agents experience and insights regarding this matter. Thanks a bunch.

John

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The Diamond…, , 04280
Sat Nov 15, 2008
Whoever owns the property is "responsible" for paying the property tax. If property tax is past due by a certain amt of time, the town will put a tax lien on the property. The bank generally will not let the town foreclose on the property so they will pay the taxes. Also, when the property is sold, the tax bill will be paid by the bank so that there are no liabilities on the property.
So.. He's responsible for it until the actual date the bank takes over. What's going to happen if he doesn't pay it? That's the question.
Based on the way things are done in Maine
Jessica
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