Can a lender threaten to forclose on my property because of back taxes?
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Can a lender threaten to forclose on my property because of back taxes?
Asked on January 15, 2013 under Real Estate Law, Missouri
Answers:
FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney
Answered 11 years ago | Contributor
Most trust deeds have provisions set forth within them that if a borrower does not pay his or her property taxes timely the lender can foreclose upon the parcel due to a breach of contract. I suggest that you carefully read the terms of your mortgage or need of trust. Most likely there is a foreclosure provision for not timely paying one's property taxes.
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