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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Property Taxes Posted by New on May 26, 2010 at 12:28 AM In Reply to: Re: Property Taxes posted by Andrew on May 26, 2010 at 12:13 AM : You buy as-is. If the property taxes haven't been paid, you have to pay them. Just take that into consideration when bidding. Thank you. If I have this right usually what happens is when you buy at a trustee sale, if it was a bank that foreclosed, they usually will pay the property taxes 6 months at a time. They are not required to though as they dont own the property, they just do this in the event they win the property, they dont have to pay steep interst fees and late fees. If property taxes are unpaid, does it immediately and automatically become a lien that doesnt show up on a title search? Sorry for the basic questions, I just want to be sure I understand everything given how serious it can be when a mistake is made. Follow Ups: Re: Property Taxes Geri 7:03 PM, 05/26/10 (2) Re: Property Taxes Nick 2:09 PM, 05/27/10 (1) Re: Property Taxes Floyd Bennett Dorothy Bennett 7:19 PM, 11/17/10 (0) Post a Followup: Name : E-Mail : Subject : Comments: : : You buy as-is. If the property taxes haven't been paid, you have to pay them. Just take that into consideration when bidding. : Thank you. If I have this right usually what happens is when you buy at a trustee sale, if it was a bank that foreclosed, they usually will pay the property taxes 6 months at a time. They are not required to though as they dont own the property, they just do this in the event they win the property, they dont have to pay steep interst fees and late fees. : If property taxes are unpaid, does it immediately and automatically become a lien that doesnt show up on a title search? Sorry for the basic questions, I just want to be sure I understand everything given how serious it can be when a mistake is made. [ 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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