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Search: "Property taxes"

 
 

Asked 10/04/2009 05:52 pm CT (San Jose, CA)

My husband's condo has a 1st and 2nd mortgage and has recently gone into foreclosure (we no longer live there). The 1st mortgage company has stopped calling since they took it over, but we are still hearing from the 2nd mortgage company. What should we do to get the 2nd mortgage off our back since the property is now owned by the 1st? Also, since it's now bank owned, should we continue to pay our property taxes? What are the repercussions if we don\\\'t continue to pay them?

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Asked 02/25/2009 06:47 pm CT (Orlando, FL)

If my name is on my homes deed but not on the loan but I pay the mortgage and the taxes can I claim the property taxes, and real-estate taxes on my taxes

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Consult your tax advisor. However, I have personal experience w/ the same situation where I claim t...

[ Total Answers: 1 ]

 
 

Asked 05/28/2008 07:28 pm CT (memphis, TN)

will the mortgage company pay your property taxes if there behind?

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Asked 03/14/2008 01:02 pm CT (devore, CA)

Who pays the property taxes on the property that was foreclosed upon?

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The new owner! If that happens to be the lender , it is their responsibility! Why are you asking? ...

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Asked 01/02/2008 12:27 pm CT (Berkley, MI)

My fiance and I bought a house last year, with both of our names on the mortgage and title. We pay the mortgage/property taxes out of a joint account that is only used for housing expenses. Obviously, we would like to deduct the interest expense for taxes this year. The mortgage company only sent us one tax form with the total mortgage interest paid. When filing our taxes what are our options for deducting the interest since we cannot file jointly? Can I take the entire deduction or does it have to be split 50:50. If it has to be split 50:50, does the mortgage company need to send us two forms with the mortgage interest split in two or can we just divide it ourselves?

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Mike, this is a great question. I would suggest speaking with your tax preparer as this is ultimatel...

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Asked 11/01/2007 09:33 am CT (West Lafayette, IN)

I was curious if this is unusual: My origional mortage payment was about 986/mo. After about 5 months the payment dropped to 844/mo. As I figured this drop was due to a reduction in my home's value as the difference was in the escrow portion to cover county property taxes - yay for me. Interestingly, after another 15 months, my payment has jumped back up to 986/mo to cover an increase in property taxes. Could they have changed their mind on my home's value? Thrown out an assessment? (the number reverted back to within a dollar of the original amount) Was I lucky and they were wrong for over a year on my payment? Or should I suspect an error that I need to have corrected?

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Asked 10/22/2007 04:32 pm CT (Los Angeles, CA)

Can daughter w/bad credit grant deed property to father w/great credit (Non-Owner Occupied & already has 1 property) for the purpose of refinancing before a foreclosure can occur? Daughter is currently 90 days late on her mortgage (NOD not filed yet) and behind in property taxes (showing on title) and behind in state taxes (lien is showing on title).

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It is possible, but like Larry said you could have some issues. I'd call Larry....

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