Tax Sale for Delinquent taxes

[indigo260]

What is the name of your state? New Jersey
Mortgage company failed to pay taxes from escrow acct. Rec'd tax sale letter. Mortgage company has agreed to pay delinquent taxes but notice will still be posted in newspaper. What's the worst case scenario, could I possibly lose my property or have a lien? What is a tax sale?

[seniorjudge]

Q: What's the worst case scenario, could I possibly lose my property or have a lien? What is a tax sale?

A: Yes, you could lose your land if the taxes are not paid. A tax sale is where the taxing authority sells your land on the courthouse steps for the amount of taxes owed. Thus, you'd better be down there and get those taxes paid as soon as possible.

[pojo2]

Call the taxing agency and let them explain the procedure and you will find you have time to redeem the tax lein BEFORE the actual property is sold to satisfy the lien.

But call your counties taxing agency as they all vary somewhat.

In my state a person can have up to 2 or 3 years, depending on the buyer of the paperwork, to redeem the property. It will cost some interest.

You use the term TAX SALE not property sale and this indicates you are in this first phase.

CALL and you will find you are less scared.

Forget the posting in the paper, if anyone is insensitive enough to ask tell them!

[efflandt]

Pay particular attention if it says they will only accept certified or cashier's checks and NOT personal or company checks after notice of tax sale.

Due to some glitches of title company not paying enough to cover their late charges and mortgage company overlooking half of my double lot, one lot went unpaid for the year.

When I got notice of tax sale, the title company said they would take care of their installment, but it was still unpaid a week before the sale. They were sure their check would be accepted (not after tax sale notice). So I got another check made out to me and deposited it to my account.

The mortgage company did not have any way to reach a live person in their escrow department and customer service could not tell me when they would do anything.

So I went down to the county Friday of the week before the tax sale and paid the taxes and late fees myself in cash, and straightened it out with the mortgage company later.

[seniorjudge]

Correct.

The landowner ... not the title company, not the lender, not the kid who delivers the paper ... is ALWAYS responsible to make sure the taxes are paid.

[HomeGuru]

Originally Posted by seniorjudge

Correct.

The landowner ... not the title company, not the lender, not the kid who delivers the paper ... is ALWAYS responsible to make sure the taxes are paid.

**A: Amen to that**************....