| reply to ghostpainter
Re: How many tax defaults can u have before u lose your house? said by ghostpainter: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. |
