Comments on: My County from Treasurer and Tax Collector office is asking me to pay the unpaid taxes for my foreclosed homes? http://taxlieninvestingnews.com/questions-and-answers/my-county-from-treasurer-and-tax-collector-office-is-asking-me-to-pay-the-unpaid-taxes-for-my-foreclosed-homes/ Current news on Tax Lien Investing Sun, 20 May 2012 16:14:09 +0000 http://wordpress.org/?v=2.7.1 hourly 1 By: Bostonian In MO http://taxlieninvestingnews.com/questions-and-answers/my-county-from-treasurer-and-tax-collector-office-is-asking-me-to-pay-the-unpaid-taxes-for-my-foreclosed-homes/comment-page-1/#comment-319 Bostonian In MO Fri, 19 Mar 2010 08:53:03 +0000 http://taxlieninvestingnews.com/questions-and-answers/my-county-from-treasurer-and-tax-collector-office-is-asking-me-to-pay-the-unpaid-taxes-for-my-foreclosed-homes/#comment-319 CA is a bit different from most states. Although property taxes are a lien against the property, if you lose your home to foreclosure any unpaid tax bill reverts to a non-lien assessment against YOU personally. In most states the lender winds up holding the bag. Since CA is a non-recourse state I'd guess that the State decided to lessen the hit for lenders by leaving the tax liability on your shoulders. That seems reasonable since the lender cannot recover any shortfall on the loan in most cases. You still must pay the unpaid property taxes. That assessment can be used to place a lien on any other property that you own in the State of CA (and possibly other states as well.) You need to contact the county tax collector's office and make arrangements to pay the bill. If you cannot pay it all at once they may be able to set up a payment plan for you. CA is a bit different from most states. Although property taxes are a lien against the property, if you lose your home to foreclosure any unpaid tax bill reverts to a non-lien assessment against YOU personally.

In most states the lender winds up holding the bag. Since CA is a non-recourse state I’d guess that the State decided to lessen the hit for lenders by leaving the tax liability on your shoulders. That seems reasonable since the lender cannot recover any shortfall on the loan in most cases.

You still must pay the unpaid property taxes. That assessment can be used to place a lien on any other property that you own in the State of CA (and possibly other states as well.)

You need to contact the county tax collector’s office and make arrangements to pay the bill. If you cannot pay it all at once they may be able to set up a payment plan for you.

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