If my county sells my home to pay off the taxes that I could not pay, am I liable for the debt owed to the mortgage company that it is short on the home loan?

Asked on May 18, 2012 under Bankruptcy Law, Iowa


M.T.G., Member, New York Bar / FreeAdvice Contributing Attorney

Answered 8 years ago | Contributor

Yes, you may in fact be liable for the deficiency (the money owed on the mortgage minus the sale price of the property).  If this has not happened yet I would strongly suugest that you get some one involved that can help here.  You need the lender to waive the deficiency at the very least.  Good luck.

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