dogma
Premium
join:2002-08-15
Boulder City, NV
| reply to CurtesyFlush
Re: How many tax defaults can u have before u lose your house?
said by CurtesyFlush  :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? |
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81399672
Premium
join:2006-05-17
Los Angeles, CA
1 edit | reply to aztecnology
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 |
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aztecnology
O Rly?
Premium
join:2003-02-12
Murrieta, CA
 ·Verizon FIOS
| reply to 81399672
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 |
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CurtesyFlush
Bababooey, fafafooey, tatatoothy.
Premium
join:2002-08-23
Fontana, CA | reply to dogma
1. Yes, but not from master streams or master stream appliances.
2. Ask an FAE.
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Life Member, NRA and CRPA. |
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No_Strings
Premium,Mod
join:2001-11-22
The OC | reply to CurtesyFlush
Sounds like a newbie initiation ritual. We should do something like that for this forum. |
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dogma
Premium
join:2002-08-15
Boulder City, NV | reply to CurtesyFlush
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?
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CurtesyFlush
Bababooey, fafafooey, tatatoothy.
Premium
join:2002-08-23
Fontana, CA | reply to dogma
Uh huh. |
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dogma
Premium
join:2002-08-15
Boulder City, NV | reply to CurtesyFlush
You speak from experience? |
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Stiofan
join:2000-08-21
Post Falls, ID | reply to drslash
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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No_Strings
Premium,Mod
join:2001-11-22
The OC | reply to CurtesyFlush
But always high on the entertainment scale. |
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CurtesyFlush
Bababooey, fafafooey, tatatoothy.
Premium
join:2002-08-23
Fontana, CA
| reply to dogma
said by dogma :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. |
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dogma
Premium
join:2002-08-15
Boulder City, NV
| reply to 81399672
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. |
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tacoma
Bleeding Dodger Blue
Premium
join:2001-05-18
Riverside, CA
| reply to 81399672
said by 81399672 :said by tacoma :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. |
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81399672
Premium
join:2006-05-17
Los Angeles, CA | reply to dogma
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 |
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dogma
Premium
join:2002-08-15
Boulder City, NV
| reply to 81399672
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 :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? |
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81399672
Premium
join:2006-05-17
Los Angeles, CA
| reply to tacoma
said by tacoma :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 |
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tacoma
Bleeding Dodger Blue
Premium
join:2001-05-18
Riverside, CA | reply to 81399672
I have a tax escrow account as well. |
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81399672
Premium
join:2006-05-17
Los Angeles, CA | reply to No_Strings
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 |
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No_Strings
Premium,Mod
join:2001-11-22
The OC
Host:
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Efficient
| reply to 81399672
said by 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). 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. |
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81399672
Premium
join:2006-05-17
Los Angeles, CA
| reply to supertbone
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 |
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