Your property Taxes and the auction of the property tax

If you fail to pay your property taxes when they are due and continue to avoid paying their, take you a good chance to accumulate penalties and interest. After a time, the County Office may place a lien on your property. If you continue to avoid paying property taxes, you home can succumb to the auction. This can be done even if you have an outstanding mortgage on the House. You, or someone else will have to pay the unpaid balance due on the property taxes. It is always best to pay the fees, but if you do not, an auction may take place.

How does the auction is that the County decides you have had ample time to pay property taxes and you have made no effort to do so. They will then advise lenders of intent to auction your property to recover the amounts of fees due. Once the process begins, you still have time to register your property before the day of the auction. If you have the means, you can apply amounts to the delinquent property taxes and your property off auction.

Once your property is considered as delinquency in property taxes, the County will add this information in the file with other properties that will auction so. Once this procedure starts, there is only one way to stop it, you will have to pay taxes and it was removed from the list. You have to pay penalties and interest that has accumulated over the years. When you have a receipt evidencing the payment, your property is then free from auction and you keep the property.

If you do not pay property taxes, the auction will go as planned. Register to participate in the auction of property and are allowed to view information about the property before beginning to bid. Several bidders will search the title to see if there are other holders of lien on the property in question. Even if you are holder of a mortgage, your property may be auctioned off the coast. The legality of a mortgage is more intense then the auction itself. The County will be a minimum requirement of limit on the property to retrieve most of the tax owing as possible and allow bidders to bid accordingly. Once some wins the bid, you have a new situation to handle.

It is likely the bidder searched the title and now knows which is the mortgage lender and where to reach. The bidder has an interest in the property, and now it is to obtain the property from you as owner in the legal sense. It's procedure will be long and expensive in some cases. You are advised to contact an attorney for land tax before you let it get this property, because you have more problems now that you had before with just because property taxes.