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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Property Taxes Posted by Geri on May 26, 2010 at 7:03 PM In Reply to: Re: Property Taxes posted by New on May 26, 2010 at 12:28 AM Property taxes represent a lien on the property. If they are unpaid they are 'delinquent'. If they remain unpaid after July 1st each fiscal year, then the taxes are in 'default'. Some California Tax Collectors will record a tax lien after July 1st. It doesn't matter who is supposed to pay the taxes. Once you purchase at Trustee Sale you are responsible for any unpaid taxes and any future taxes until the ownership changes again. In some very rare cases, the bank may be holding a mortgage that has taxes impounded. Sometimes their computer gets mixed up and they pay taxes on a property even if they don't have any funds in the impound account. That happened to me once, taxes were fully paid after the Trustee Sale but 2 days before I received the deed to record. It was a fluke. Follow Ups: 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: : Property taxes represent a lien on the property. If they are unpaid they are 'delinquent'. If they remain unpaid after July 1st each fiscal year, then the taxes are in 'default'. Some California Tax Collectors will record a tax lien after July 1st. : It doesn't matter who is supposed to pay the taxes. Once you purchase at Trustee Sale you are responsible for any unpaid taxes and any future taxes until the ownership changes again. : In some very rare cases, the bank may be holding a mortgage that has taxes impounded. Sometimes their computer gets mixed up and they pay taxes on a property even if they don't have any funds in the impound account. That happened to me once, taxes were fully paid after the Trustee Sale but 2 days before I received the deed to record. It was a fluke. [ 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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