Regional Talk > Southern California > How many tax defaults can u have before u lose your house?

reply to coxta

Re: How many tax defaults can u have before u lose your house?

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.
--
Save water...drink beer!

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.