How many tax defaults can u have before u lose your house? in Southern California http://www.dslreports.com/forum/r18178201 en Fri, 04 Dec 2009 22:29:59 EDT Fri, 04 Dec 2009 22:29:59 EDT Re: How many tax defaults can u have before u lose your house? http://www.dslreports.com/forum/remark,18183065 dogma :
said by CurtesyFlush See Profile :

1. Yes, but not from master streams or master stream appliances.

2. Ask an FAE.
I'm gonna take a guess; FAE = Fire Apparatus engineer?

Q. What is a Master Stream? (nothing to do with the urinary tract I take it?)

Q. (a follow up if I may) Can you give an example of a master stream appliance? And how come it's not called a master stream apparatus? ]]> http://www.dslreports.com/forum/remark,18183065 Mon, 16 Apr 2007 21:34:12 EDT Re: How many tax defaults can u have before u lose your house? http://www.dslreports.com/forum/remark,18183039 81399672 : thanks for the link, i am surprised you are given 5 years to pay it

edit:guess i forgot as i am sure i learned all of this when i took real estate 101 class
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i am not a lawyer but I do play one on tv]]> http://www.dslreports.com/forum/remark,18183039 Mon, 16 Apr 2007 21:29:16 EDT Re: How many tax defaults can u have before u lose your house? http://www.dslreports.com/forum/remark,18182885 aztecnology : In california, the law is that the county where the deliquent property is located cannot put your house on the auction block until 5 years after the default. During which time you can acrue penalty/interest until you become current. Also, you can redeem your property via payment until the end of business the day before the auction. Basically you can keep paying the mortgage, and give yourself 60 months to catch up on the property tax, plus most counties can get you on a payment plan...

»www.sco.ca.gov/col/taxinfo/tcs/p···ex.shtml
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"Independent thinkers tend to ALWAYS have someone not agreeing with them. It's The non-thinkers that always come in legions." John Callari .:|:. Say no to the IRS Yes to the Fair Tax]]> http://www.dslreports.com/forum/remark,18182885 Mon, 16 Apr 2007 21:00:27 EDT Re: How many tax defaults can u have before u lose your house? http://www.dslreports.com/forum/remark,18182563 CurtesyFlush : 1. Yes, but not from master streams or master stream appliances.

2. Ask an FAE.
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Life Member, NRA and CRPA.]]> http://www.dslreports.com/forum/remark,18182563 Mon, 16 Apr 2007 20:06:20 EDT Re: How many tax defaults can u have before u lose your house? http://www.dslreports.com/forum/remark,18182471 No_Strings : Sounds like a newbie initiation ritual. We should do something like that for this forum.]]> http://www.dslreports.com/forum/remark,18182471 Mon, 16 Apr 2007 19:51:58 EDT Re: How many tax defaults can u have before u lose your house? http://www.dslreports.com/forum/remark,18182449 dogma : So, are you saying that you have actually attempted to drink water from a fire hose? Isn't the minimum GPM on, say a TFT Selectable gallonage Fog Nozzle, 2.5” NH, @ 100 PSI...a minimum of 60GPM?
]]> http://www.dslreports.com/forum/remark,18182449 Mon, 16 Apr 2007 19:48:00 EDT Re: How many tax defaults can u have before u lose your house? http://www.dslreports.com/forum/remark,18182363 CurtesyFlush : Uh huh.]]> http://www.dslreports.com/forum/remark,18182363 Mon, 16 Apr 2007 19:35:00 EDT Re: How many tax defaults can u have before u lose your house? http://www.dslreports.com/forum/remark,18182330 dogma : You speak from experience?]]> http://www.dslreports.com/forum/remark,18182330 Mon, 16 Apr 2007 19:30:24 EDT Re: How many tax defaults can u have before u lose your house? http://www.dslreports.com/forum/remark,18182283 Stiofan : Insurance companies don't pay for anyone's taxes and never have.

If you have an escrow account, the money is collected along with your mortgage payment and insurance payment by the mortgagee and they pay all the bills.]]> http://www.dslreports.com/forum/remark,18182283 Mon, 16 Apr 2007 19:24:01 EDT Re: How many tax defaults can u have before u lose your house? http://www.dslreports.com/forum/remark,18181885 No_Strings : But always high on the entertainment scale.]]> http://www.dslreports.com/forum/remark,18181885 Mon, 16 Apr 2007 18:19:26 EDT Re: How many tax defaults can u have before u lose your house? http://www.dslreports.com/forum/remark,18181730 CurtesyFlush :
said by dogma See Profile :

In about 12-18 Months, it will be like drinking water from a fire hose.
Depending on such factors as engine pressure, nozzle pressure and tip size, that can approach difficult and go beyond impossible.
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Life Member, NRA and CRPA.]]> http://www.dslreports.com/forum/remark,18181730 Mon, 16 Apr 2007 17:54:30 EDT Re: How many tax defaults can u have before u lose your house? http://www.dslreports.com/forum/remark,18181640 dogma : If you're waiting for a forced foreclosure due to default taxes, better not hold your breath. As pointed out earlier, the 1st mortgage holder will pay that long before the State gets serious.

If foreclosures is what you want, just put your pennies together, make sure you have gold-balls credit, and wait. In about 12-18 Months, it will be like drinking water from a fire hose.]]> http://www.dslreports.com/forum/remark,18181640 Mon, 16 Apr 2007 17:38:57 EDT Re: How many tax defaults can u have before u lose your house? http://www.dslreports.com/forum/remark,18181484 tacoma :
said by 81399672 See Profile :

said by tacoma See Profile :

I have a tax escrow account as well.
how many years ago did you get your loan?
'03

Tell your 'neighbor' to pay their tax bill.]]> http://www.dslreports.com/forum/remark,18181484 Mon, 16 Apr 2007 17:14:00 EDT Re: How many tax defaults can u have before u lose your house? http://www.dslreports.com/forum/remark,18181472 81399672 : Foreclusure houses get sold much cheaper, and i know this one is in really good shape so would want to buy it
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i am not a lawyer but I do play one on tv]]> http://www.dslreports.com/forum/remark,18181472 Mon, 16 Apr 2007 17:12:19 EDT Re: How many tax defaults can u have before u lose your house? http://www.dslreports.com/forum/remark,18181155 dogma : I too have a tax escrow account. My loan was refi'd to a 10-year fixed in 2003, then re-written down in 2004. At the time of the first refi, it was a 31% LTV. The lender did not require an impound.

Tax escrow was an option. From my "past" experiences, I elected to take the option.
said by 81399672 See Profile :

he is mortgaged, everyone here are. No one here has escrow account, it's not the way most people buy houses here(if you worked in tax service you probably know that). Well 5 years is a long time of defaulting
Why are you so concerned about your "neighbors" tax situation?]]> http://www.dslreports.com/forum/remark,18181155 Mon, 16 Apr 2007 16:18:02 EDT Re: How many tax defaults can u have before u lose your house? http://www.dslreports.com/forum/remark,18181046 81399672 :
said by tacoma See Profile :

I have a tax escrow account as well.
how many years ago did you get your loan?
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i am not a lawyer but I do play one on tv]]> http://www.dslreports.com/forum/remark,18181046 Mon, 16 Apr 2007 15:55:53 EDT Re: How many tax defaults can u have before u lose your house? http://www.dslreports.com/forum/remark,18181040 tacoma : I have a tax escrow account as well.]]> http://www.dslreports.com/forum/remark,18181040 Mon, 16 Apr 2007 15:55:17 EDT Re: How many tax defaults can u have before u lose your house? http://www.dslreports.com/forum/remark,18180890 81399672 : When i say "here" i am saying majority of people in southern caifornia
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i am not a lawyer but I do play one on tv]]> http://www.dslreports.com/forum/remark,18180890 Mon, 16 Apr 2007 15:28:08 EDT Re: How many tax defaults can u have before u lose your house? http://www.dslreports.com/forum/remark,18180744 No_Strings :
said by 81399672 See Profile :

he is mortgaged, everyone here are. No one here has escrow account, it's not the way most people buy houses here(if you worked in tax service you probably know that).
Define "here." No one? I have a tax escrow account. I'd prefer to pay the taxes in a lump when due, but my lender wanted to do it this way. Since you know everything, you probably knew that.]]> http://www.dslreports.com/forum/remark,18180744 Mon, 16 Apr 2007 15:01:27 EDT Re: How many tax defaults can u have before u lose your house? http://www.dslreports.com/forum/remark,18180632 81399672 : he is mortgaged, everyone here are. No one here has escrow account, it's not the way most people buy houses here(if you worked in tax service you probably know that). Well 5 years is a long time of defaulting
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i am not a lawyer but I do play one on tv]]> http://www.dslreports.com/forum/remark,18180632 Mon, 16 Apr 2007 14:41:06 EDT Re: How many tax defaults can u have before u lose your house? http://www.dslreports.com/forum/remark,18180612 supertbone : Having worked for the Tax Services arm of a major home lender I can honestly say that it will take at least 5 years in CA. They are granted a 5 year redemption period in CA. Texas tax collectors are considerably quicker to seize the home. I don't remember how fast but with in the time frames you mentioned, it seems likely.

If his home is mortgaged, I am surprised his mortgage company has not stepped in. If he has an escrowed tax payment, the mortgage company (or tax servicer for the mortgage company) is indemnified for it and if he looses his home then he has recourse to sue them. If his property taxes were not impounded (not escrowed) the mortgage companies usually step in and pay the taxes to avoid the property loss (to protect the investor), force impound the mortgage, and recover the back taxes from the borrower.

Of course if he is not mortgaged then you might have a new neighbor.]]> http://www.dslreports.com/forum/remark,18180612 Mon, 16 Apr 2007 14:36:27 EDT Re: How many tax defaults can u have before u lose your house? http://www.dslreports.com/forum/remark,18180522 Lovehound :
said by ghostpainter See Profile :

Most people I know who live in homes pay quarterly tax bills...
Taxes in Los Angeles County are due and payable twice a year, IIRC it's December 10th and April 10th. However, some people are on "learner permits" (a joke) and have impound accounts where an intermediary pays their taxes and they presumably make monthly payments to the intermediary which include interest, principle, property taxes and often home owner's insurance.

The going setup is to pay 20 percent down and nobody will ask you for an impound account. Then you can be a grown up and pay your property taxes and insurance yourself, and pay the penalty if you forget.]]> http://www.dslreports.com/forum/remark,18180522 Mon, 16 Apr 2007 14:19:07 EDT Re: How many tax defaults can u have before u lose your house? http://www.dslreports.com/forum/remark,18179958 dogma : Missed tax payments can result in additional interest, penalties, collection costs and legal fees if they are not paid on time. If the property is in one of the special financing districts, such as Mello-Roos, every effort to pay the bill on time should be made to avoid any "accelerated" foreclosure action.

From what I have seen, the State is not very interested in Foreclosing and taking property, as they can ONLY recover the taxes owed. Once the [unpaid] tax bill/interest/penalties adds up over some years, they may sell the tax liability (I think that would be it) to a third party. This way, the taxes are paid, and now the "third party" can take lien holder actions, including foreclosure.

At 2 missed payments, it's not really such a big deal, unless it a Mello-Roos like situation.]]> http://www.dslreports.com/forum/remark,18179958 Mon, 16 Apr 2007 12:28:41 EDT Re: How many tax defaults can u have before u lose your house? http://www.dslreports.com/forum/remark,18179944 tacoma : As per www.boe.ca.gov

»www.boe.ca.gov/proptaxes/pdf/pub29.pdf

If taxes are not paid by the delinquent date, there is a 10 percent penalty. If you receive
a notice of impending default, and the taxes remain unpaid on the date the notice says
they’re due, the property is declared tax-defaulted. Monthly penalties of 1.5 percent are
added to the unpaid taxes. The property owner has the right to redeem the property by
paying the taxes, penalties, and costs within five years of the date the property becomes
tax-defaulted. If the property is not redeemed within five years, the property may be
sold at public auction or acquired by a public agency.]]> http://www.dslreports.com/forum/remark,18179944 Mon, 16 Apr 2007 12:26:36 EDT Re: How many tax defaults can u have before u lose your house? http://www.dslreports.com/forum/remark,18179870 81399672 : I know he pays 2 installments and i would surprised if it was under HUD, not my friend just my neighbor and i just happened to notice it when i was surfing the web and was bored
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i am not a lawyer but I do play one on tv]]> http://www.dslreports.com/forum/remark,18179870 Mon, 16 Apr 2007 12:11:50 EDT Re: How many tax defaults can u have before u lose your house? http://www.dslreports.com/forum/remark,18179844 ghostpainter : Most people I know who live in homes pay quarterly tax bills, unless they are under HUD like I am with this double wide I live in, then we pay once per year.

So presuming that he is on quarterly, is he paying two or three quarters then missing one? And if he is on HUD, and missing payments, a lot of times they will attach a Lien to the house for each non payment....Then when the home is sold, all of the liens have to be paid before the home can be sold.

There are Home Owner policies that cover non payment of taxes....a lot of questions need to be asked of your friend before a correct answer can be provided.
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]]> http://www.dslreports.com/forum/remark,18179844 Mon, 16 Apr 2007 12:07:35 EDT Re: How many tax defaults can u have before u lose your house? http://www.dslreports.com/forum/remark,18179406 drslash : True. But as part of the agreements or PMI contract the money to pay the taxes are put in escrow monthly. The mortgage company or insurance company then disperses the escrowed money to the taxing authority.

As far as your original question, I would guess that in California that your neighbor has more time to get caught up on the taxes. In my state, the house can go to a tax sale after 4 or 5 months of delinquency.
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Save water...drink beer!]]> http://www.dslreports.com/forum/remark,18179406 Mon, 16 Apr 2007 10:35:00 EDT Re: How many tax defaults can u have before u lose your house? http://www.dslreports.com/forum/remark,18179083 81399672 : pmi has nothing to do witn property tax]]> http://www.dslreports.com/forum/remark,18179083 Mon, 16 Apr 2007 09:10:56 EDT Re: How many tax defaults can u have before u lose your house? http://www.dslreports.com/forum/remark,18178649 coxta : In California the homeowner can pay the taxes, or if they have PMI (private mortgage insurance), whomever holds the insurance pays the taxes, since they are collected monthly from the homeowner. It's not unheard of for the insurance company to neglect to pay property taxes. The homeowner should always follow up.
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cum hoc ergo propter hoc]]> http://www.dslreports.com/forum/remark,18178649 Mon, 16 Apr 2007 04:18:28 EDT Re: How many tax defaults can u have before u lose your house? http://www.dslreports.com/forum/remark,18178227 81399672 :
said by McSummation See Profile :

After the mortgage failed to pay my county taxes the second year in a row, I got a "first notice of foreclosure" from the sheriff.

I'm in Texas, your mileage may vary.
In california homeowner pays it him self. However that is still interesting
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i am not a lawyer but I do play one on tv]]> http://www.dslreports.com/forum/remark,18178227 Mon, 16 Apr 2007 00:36:38 EDT Re: How many tax defaults can u have before u lose your house? http://www.dslreports.com/forum/remark,18178220 McSummation : After the mortgage failed to pay my county taxes the second year in a row, I got a "first notice of foreclosure" from the sheriff.

I'm in Texas, your mileage may vary.]]> http://www.dslreports.com/forum/remark,18178220 Mon, 16 Apr 2007 00:35:08 EDT How many tax defaults can u have before u lose your house? http://www.dslreports.com/forum/remark,18178201 81399672 : One of my neighbor just defaulted on second tax bill, the first one was from last year and second is from this year. How long before he loses his house? Is their any common rule or does this depends on state by state?
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i am not a lawyer but I do play one on tv]]> http://www.dslreports.com/forum/remark,18178201 Mon, 16 Apr 2007 00:30:44 EDT