How To Stop Bank Foreclosure Because Of Back Taxes?
November 2nd, 2009 - ByPosted in Stopping Foreclsoure
I owe several years of back taxes. How do I stop bank foreclosure because of back taxes? I am paying the taxes as much as I can a month.
Posted in Stopping Foreclsoure
2 Responses to “How To Stop Bank Foreclosure Because Of Back Taxes?”
November 2nd, 2009 at 6:33 pm
Is the bank foreclosing because of back taxes? A standard mortgage requires that current property taxes be paid and that you keep up fire insurance. The lender can foreclose if you don’t. The only ways you can stop a foreclosures is sweet talk the lender into backing off or threaten to file bankruptcy (and be ready to do it.) A Chapter 13 plan in which you pay the delinquent taxes and mortgage payments would do the trick but it would be better if you could avoid it.
November 2nd, 2009 at 8:57 pm
Looking at the site below, the first thing would be to contact the bank and talk things through. There’s quite a bit of information to help you.
Hope this helps.
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