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Deed-in-lieu Property Tax Help

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Icon Mini Profile mcol2





Joined: 05 Oct 2010

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Post Posted: Tue Oct 05, 2010 6:12 am    Post subject: Deed-in-lieu Property Tax Help
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I just went through a deed-in-lieu as a result of a divorce. I have property taxes owed for 2009. Am I still required to pay them? My mortgage company just stated they "will help me through this." I have already signed and returned the paperwork. Nothing in this paperwork stated anything about the property taxes owed. Upset this mortgage company did not work with the Obama Plan. I was left holding the house with supporting four other children. I wanted to try and sell it. My mortgage company (foreign owed, sorry if offending anyone here) refused to work with the plan stating to me "they were not required to accept that plan." I would like to know what to expect from the mortgage company since they have not been helpful in their answers. Thank you.
Icon Mini Profile jameshogg
jameshogg




Joined: 20 Dec 2005

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Location: Nevada
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Post Posted: Tue Oct 05, 2010 11:24 pm    Post subject:
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Hi mcol,

Though your property was sold off due to deed in lieu of foreclosure, you'll remain liable for the back taxes. You will have to pay off the back taxes in full. You can set up a payment plan with the IRS in order to pay off the back taxes.

Thanks
Mcolyer

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Post Posted: Wed Oct 06, 2010 2:09 pm    Post subject:
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Thank you for your help!!
Icon Mini Profile jameshogg
jameshogg




Joined: 20 Dec 2005

Posts: 10477
Location: Nevada
990.06 Dollars($)
Post Posted: Wed Oct 06, 2010 9:56 pm    Post subject:
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You're welcome Mcole! Smile
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