Quote:
Originally Posted by Porsche-O-Phile
Can you just waive escrow and take care of the taxes yourself?
|
Working on that...hopefully yes, but its possible they won't allow it. I sort of understand why too...if I stop paying property taxes and then foreclose, the bank is then responsible for them since they stay with the property, not the owner.
I'm also not 100% but I've read its possible the county has first rights on debt so if the house were to be sold at auction, the bank would get even less money since the county would get paid before anyone else.