Property Q&A in Miami>Question Details

Isabel, Other/Just Looking in Miami, FL

What happens if you don't pay your real estate taxed on your home (because of financial problems) in Miami?

Asked by Isabel, Miami, FL Mon Jan 26, 2009

Dade County, Florida but never missed a monthly mortgage payment?

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what happens if you donĀ“t pay your real estate taxed on your home after four years because of financial problems in miami ?
0 votes Thank Flag Link Wed Dec 30, 2015
the steps to take to have your mortgage pay taxes for you if you cant pay them on your own
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
0 votes Thank Flag Link Tue Aug 11, 2009

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.
0 votes Thank Flag Link Mon Jan 26, 2009
Do you have a mortgage on the property? You need to call the tax assessors office and ask the question. If you have a mortgage than the bank should know!
0 votes Thank Flag Link Mon Jan 26, 2009
The taxing authority will place a lien on your property until you pay, and ultimately will file a "lis pendens" against you, and, ultimately foreclosure proceedings. They will get their money one way or the other.

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Web Reference:
0 votes Thank Flag Link Mon Jan 26, 2009
what do you mean by "their money"? did they work for it? based on what laws are they taxing your property?
Flag Mon Mar 26, 2012
You could lose your home. The federal government has the higher power when it comes to foreclosure.

Web Reference:
0 votes Thank Flag Link Mon Jan 26, 2009
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