Wednesday, March 28, 2007

Losing Your Home To Back Property Taxes

Here are some basic things that I know about this process....

If your property taxes are not paid (in some cases by the end of the year) then their is a lien put on the property. In that case if you sell the property then the amount of the back property taxed owed has to be paid before you get any money. If the property taxes aren't paid then the property is sold and the back taxes are paid from the amount that the property sold for.

I have heard different views on what a person can do in situations like this one. I have even heard the term "property tax consultant".

It is never a very pleasant thing when someone is losing their property especially when that property is their home.

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