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If I put my house on the market for sale will it stop my property tax auction?
If I put my house on the market for sale will it stop my property tax auction
Asked By Jamie Waymire | Sattelite Beach, FL | 539 views | Finance Legal Info | Updated 2 years ago
Answer(3)
Marty & Abby Champagne
RE/MAX Market Place
It could. The State just wants the money owed! However, I would ask a Real Estate attorney.
- 2 years ago
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Mike Smallegan
Smallegan Real Estate
No, putting your house up for sale will not stop a property tax auction. The auction process is set in motion by unpaid taxes and other fees imposed by your local government. Once these fees accumulate to the point that they are more than a certain amount (which varies from state to state), the county may seek an order to auction off your home.
The foreclosure process itself typically begins with a lien being placed on your property for the unpaid taxes, recording of public notice alerting creditors, and ultimately a Notice of Tax Sale. The actual sale takes place on or after a specific date—usually at least four months after the initial action has been taken; the sale may be postponed or cancelled at any time during this period due to payment resolution or bankruptcy proceedings. To avoid foreclosure altogether it is important that you keep payments current and address any outstanding debt as quickly as possible so that you can keep ownership of your home through traditional sales methods such as listing with an agent or online platform like Zillow/Redfin etc., rather than risk forfeiture via tax lien auctions/sales which can have devastating impacts both financially and emotionally.
For more information about how best to proceed should you find yourself in danger of losing your home due to delinquent taxes please consult with local real estate professionals and financial advisors who specialize in helping those facing real estate decisions related to potential tax foreclosure actions
The foreclosure process itself typically begins with a lien being placed on your property for the unpaid taxes, recording of public notice alerting creditors, and ultimately a Notice of Tax Sale. The actual sale takes place on or after a specific date—usually at least four months after the initial action has been taken; the sale may be postponed or cancelled at any time during this period due to payment resolution or bankruptcy proceedings. To avoid foreclosure altogether it is important that you keep payments current and address any outstanding debt as quickly as possible so that you can keep ownership of your home through traditional sales methods such as listing with an agent or online platform like Zillow/Redfin etc., rather than risk forfeiture via tax lien auctions/sales which can have devastating impacts both financially and emotionally.
For more information about how best to proceed should you find yourself in danger of losing your home due to delinquent taxes please consult with local real estate professionals and financial advisors who specialize in helping those facing real estate decisions related to potential tax foreclosure actions
- 2 years ago
- Helpful (0)
- Unhelpful (0)
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Jeanine Wood
Allison James Estate And Homes
Jamie, your best way to get the correct answer and help is by calling a local real estate attorney.
- 2 years ago
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