My question is how to approach or what should I do as Ihave fallen behind on my mortgage and now have a state tax lien on me.

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My question is how to approach or what should I do as Ihave fallen behind on my mortgage and now have a state tax lien on me.

Im fixing to be 3 months behind on my mortgage and the lender sent me a letter to schedule a face to .face meeting to see if we can come up with a solution and Im scared about forclosure. I do want to try to save my home and keep it and will get on my feet hopefully soon. There is also another scary factor of a recently filed state tax lien that has been placed on my property for unpaid taxes in 2013-2014 and the numbers are ridiculous and nowhere near the real amount I actually owe if any. I owe 47,000 on the house and the state says that I owe 61,000. What do I do? Im flat broke and my situation is getting deeper.

Asked on November 7, 2016 under Real Estate Law, New Mexico

Answers:

SJZ, Member, New York Bar / FreeAdvice Contributing Attorney

Answered 4 years ago | Contributor

In terms of the mortgage, all you can do is honestly explain your situation, including when and why you think you'll  be able to start paying again soon. The lender doesn't really want your house--they want to be paid. If you can present a reasonable plan to pay, there is a decent chance they will take it.
Similarly, the government doesn't want your house--they want their taxes. A reasonable plan to pay get their agreement; they may even agree to forgive some of the debt, or possibly interest or penalties (which, by the way, may be why it's higher than you think you owe: interest and penalties) in the interest of getting paid. 
Don't agree to anything you can't do. Don't tell any untruths or admit to anything criminal or wrongful (e.g. if you were fired from a job for fraud, which caused your problem). But do try to honestly work out an achievable deal. 


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