Legal Question in Real Estate Law in Nevada
Not paying taxes on a home
My father in law in the owner of the house my husband and I live in and we are currently the tenants. as agreed, we would pay the mortgage and they would pay the quarterly taxes. We just found out that they haven't payed the taxes all year long because my father in law lost his job. What happens next? Will they lose the house?
Asked on 12/20/08, 5:22 pm
1 Answer from Attorneys
James Smith
James E. Smith Ltd.
Re: Not paying taxes on a home
The tax authorities will just file a lien on the property. However, the mortgage company may decide to pay the taxes and increase the mortgage.
Answered on 12/20/08, 5:32 pm