dogma
Premium
join:2002-08-15
Boulder City, NV
| 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. |
