Property Taxes and Property Tax Auctions
Not paying property taxes is the sure road to a property auction and whatever you do when the death knell sounds for your property it might just be too late. A lot of people procrastinate on what is one of the most important part of their lives - their homes. However if you do that once too often your home will be taken away from you to pay all those taxes you kept putting off paying and it will be put up for auction. Having a mortgage that hasnt yet been paid up is no deterrent to this happening - all that will happen is that someone else will pay those installments. So one has to be vigilant and pay ones taxes if you dont want your home to be pulled out from under your feet.
When does the county decide to auction your property? When its had enough of you not paying up. When you keep doing this and not paying when you should then they feel its time you paid what you owe them and this can only be done by auctioning your property. So your lenders will be told and the process started. Of course if you come up with the money you could still save your home up to the day that it is actually auctioned. Try your level best to collect whatever money you can from whomever you can and pay off those delinquent taxes would be the best advice.
When your property has to be put up for auction it will be added to all the others already put up. If you need to get it off that auction block you need to pay not just what you owe but all the penalties and interest as well. That is the only way you are going to stop that process. Only when you get a clear chit that all your dues have been cleared will the auction be cancelled. Then and only then is your property safe.
Failure to pay means the auction will proceed on the date that has been set. Anyone who wants to buy will have to register and they are informed about the date of the auction as well as all the details about the property. Most will look do a title search for any outstanding liens before they bid because they will want to be sure that they are getting a clear property in case their bid is the winner.
In case there are more mortgage payments to be made you might do well to consult with an attorney because the legalities in this case can be quite lengthy. After the property is auctioned and the new owner chosen all the due taxes will be taken and then the question of mortgages will come into the picture. This can be an expensive process for you so it would do well if you took some legal recourse.