81399672
Premium
join:2006-05-17
Los Angeles, CA | reply to coxta
Re: How many tax defaults can u have before u lose your house?
pmi has nothing to do witn property tax |
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drslash
Goya Asma
Premium
join:2002-02-18
Marion, IA
| 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! |
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Stiofan
join:2000-08-21
Post Falls, ID | 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. |
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