Legal Question in Real Estate Law in California

forecosure/property taxes

im in the prosses of foreclosure .am i still responsible for the property taxes


Asked on 10/13/07, 1:49 am

2 Answers from Attorneys

Carl Starrett Law Offices of Carl H. Starrett II

Re: forecosure/property taxes

Property taxes on land in California run with the land and are not a personal obligation.

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Answered on 10/13/07, 2:21 am
Bryan Whipple Bryan R. R. Whipple, Attorney at Law

Re: forecosure/property taxes

Taxes will be assessed to the owner of record, and so up until the day a trustee's deed is recorded, or technically until the date of the trustee's sale, the property taxes are for your account as owner. However, the practical impact of this is just to add a few more bucks to the amount that would come out of your share of the proceeds of foreclosure. Since in most foreclosures these days the borrower is "under water" and doesn't get any of the proceeds anyway, the fact that you are the person assessed does not have any practical implications unless you are liable for a deficiency judgment, and this is unusual.

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Answered on 10/14/07, 2:31 pm


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