Bankruptcy can help if you are facing a property tax foreclosure — Chapter 7 by getting rid of other debts, Chapter 13 by buying you lots more time.
Falling behind on home property taxes creates a special problem. The tax collector will likely be much less pushy than your mortgage lender.
If behind on property taxes on property that isn't your home, either Chapter 7 or Chapter 13 may buy you the time to save this property.
If you are behind on property taxes on your home, Chapter 7 often doesn't give you enough time to catch up. But Chapter 13 likely would.
Catching up on property taxes benefits both you and your mortgage lender. Chapter 13 helps you pull this off under much less pressure.
Falling behind on property taxes is dangerous, and scares your mortgage lender. Bankruptcy can help you deal with both.
Bankruptcy helps with your property taxes either by writing off your other debts or by buying you more time to catch up.
Falling behind on property taxes can have serious consequences, but does not necessarily mean you should hurry to sell your home.
Being behind on property taxes is usually a breach of your mortgage. Chapter 13 protects you from your mortgage lender so you can catch up.
Save your home by catching up on real property taxes and securing the release of recorded income tax liens.