Legal Question in Real Estate Law in Indiana
My mortgage company is releasing their lien on a house included in a bankruptcy in 2008. Does this house fall back into my responsibility for 5 years of taxes, and what will happen if I don't pay it? Does it just go for tax sale, someone will buy it for taxes and then I am not responsible anymore?
Asked on 1/31/13, 2:01 pm
1 Answer from Attorneys
Kenneth Wilk
Rubino Ruman Crosmer & Polen
The taxes are probably not dischargable in bankruptcy. Yes, someone might buy it for the taxes. Technically, you owe the taxes until they are satisfied, through the sale of the property or otherwise.
Answered on 1/31/13, 4:49 pm