First off I am sorry if there is info about this on the board and I have missed it. But if you are filiing bankruptcy and the house is foreclosed on and the bank takes it back over but still has it in your name (like I have seen posts about) what happens about property taxes due that normally are part of your mortgage payments. I plan to file in July and taxes are due Oct. 1. This is the first month I may be missing a payment. If not, I don't see making June's payment. Thanks.
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Last edited by nomoretogive; 05-20-2008, 01:34 PM. -
I had the same situation. I stopped paying in Feb. and property taxes were due in May. I have an escrow account and although it did not have enough to pay the taxes the mortgage company "loaned" money to the escorw to pay it. You should be fine as long as the escrow was included in the payment. Once you are foreclosed upon the taxes become the banks problem. -
Thank you yak411.Comment
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