Do Banks Pay Property Tax on Foreclosed Homes?

The answer: yes, yes, yes! Absolutely. In most state in the U.S., property tax trumps a mortgage, meaning that if the government is owed property taxes, it’s first in line to be paid, ahead of a mortgage – even if the taxes are $1,000, and the mortgage is $100,000.

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Do Banks Pay Property Tax on Foreclosed Homes?

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