Property tax problems for customers of bankrupt lender

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All problems. property to the hotel mortgage holder, Mid-Atlantic Bank. With the tax money in hand, it was able to lower taxes the following year, Smith said. Also in 1989, Morristown-based.

We will pay your property taxes now, you can pay us back over time. We help Texans pay their residential and commercial property taxes. A hunter-kelsey property tax loan helps you quickly pay your taxes so you’ll no longer incur the large penalties, interest, and attorney collection fees charged by your county.

Re: Delinquent property taxes after chapter 7 bankruptcy Most likely they will put a tax lien on the property and pursue foreclosure under tax lien, which the lender will have to deal with because taxes take priority over the lender.

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Consequently, personal property taxes are generally unsecured in bankruptcy. However, certain personal property taxes qualify for status as a "priority" unsecured claim, which means that such priority tax claims must be paid ahead of lower priority and general unsecured claims. Personal property tax claims may qualify for the eighth priority.

Property tax bills will be showing up in homeowner mailboxes over the next few weeks. For most people, the statement is just for informational purposes. Their monthly mortgage payment includes money that’s put into an escrow account so that the lender can pay the home’s tax bill each year. But what if your mortgage company doesn’t make the payment?

Also, assume that the debtor’s taxes are due on January 1 the following year and must be paid by January 31 or penalties are imposed. Suppose our debtor files for Chapter 7 bankruptcy protection on January 30, 2013. Any personal property taxes owed for 2012 is obviously a priority debt and is not discharged.

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