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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Couple of ways... Posted by Ward-CA- on February 27, 2010 at 11:44 PM In Reply to: verifying outstanding property tax liens posted by Lynn-socal gal on February 26, 2010 at 11:10 PM Lynn, If the foreclosing trust deed is a first lien, and you calculate that the owner’s down payment was less than 20%, then you have to assume that the monthly mortgage payment included a pro-rated impoundment for property taxes and insurance. And so those impounds would be as delinquent as the mortgage payments. The date the mortgage delinquency began can be found on the recorded Notice of Default regarding the involved lien. Now just divide the annual real estate tax bill (call the local tax collector) for the property by 12 and multiply that monthly amount by the number of delinquent months and add a 10% late charge penalty and you’ll arrive at a very close approximation of the delinquent taxes due. Alternatively, you can call the county tax collector’s delinquent property tax line and keypunch in the assessor’s parcel number (APN) for the property and a computer voice will give you the amount of the delinquent tax bill for the property up to a certain date. --------Ward ================================================ : what is the best method /source for verifying delinquent property taxes prior to purchasing at a trustee sale in San Diego County? Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : Lynn, : If the foreclosing trust deed is a first lien, and you calculate that the owner’s down payment was less than 20%, then you have to assume that the monthly mortgage payment included a pro-rated impoundment for property taxes and insurance. : And so those impounds would be as delinquent as the mortgage payments. The date the mortgage delinquency began can be found on the recorded Notice of Default regarding the involved lien. : Now just divide the annual real estate tax bill (call the local tax collector) for the property by 12 and multiply that monthly amount by the number of delinquent months and add a 10% late charge penalty and you’ll arrive at a very close approximation of the delinquent taxes due. : Alternatively, you can call the county tax collector’s delinquent property tax line and keypunch in the assessor’s parcel number (APN) for the property and a computer voice will give you the amount of the delinquent tax bill for the property up to a certain date. : --------Ward : ================================================ : : what is the best method /source for verifying delinquent property taxes prior to purchasing at a trustee sale in San Diego County? [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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