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Property taxes on investment properties

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    Property taxes on investment properties

    I live in Texas and was discharged in June 08 on a large chapter 7 asset case. The case is now closed. I own several investment properties that were included in my case. I forgot to list the county tax assessor/collector for these properties as a creditor. All of these properties are heading into foreclosure but with the current backlog of foreclosures it may take several months before the lenders take action.

    Do I need to reopen my case to include the county tax collector as a creditor? If so, how do I do that?

    Once these homes are foreclosed, does the tax debt then shift to the new owner? If that's the case, do I need to worry about this creditor?

    Thanks for your input. I just want to know if I need to take additional action

    #2
    Anyone?

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      #3
      Your taxes most likely have been paid in a tax certificate sale. If you were to redeam the taxes, you would pay interest up to 18%. If you have let it go anyway, the bank must pay the taxes. You are not bound by them unless you want the land. After three tax sales, the property goes on the Courthouse steps in auction. 'Hub
      If I knew it all, would I be here?? Hang in there = Retained attorney 8-06, Filed 12-28-07, Discharge 8-13-08, Finally CLOSED 11-3-09, 3-31-10 AP Dismissed, Informed by incompetent lawyer of CLOSED status, October 14, 2010.

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        #4
        Property taxes "go with the land". They are not attached to you personally.

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