Past-Due Property Taxes

Past-Due Property Taxes

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The daily expenses of life aren't getting any cheaper and sometimes it seems that no matter how many pennies you pinch, you're always behind on one bill or another. Unfortunately for many individuals, property taxes are no walk in the park, making it easy to let your payments slide over time. A failure to pay these taxes can result in serious consequences that make it difficult to bounce back.

At the Law Offices of Marshall D. Schultz, we understand that the threat of property loss or foreclosure is a very real fear for some. For over three decades, our firm has committed itself to assisting individuals struggling with financial problems and providing tangible solutions that work. Partnering with a Detroit bankruptcy attorney today can give you the peace of mind you need for tomorrow.

What happens if I have past-due property taxes?

Past-due taxes can also be called delinquent taxes and are especially common for home and property owners. The Public Act 123, enacted in 1999, shortened the amount of time that these individuals have to pay their past-due taxes to prevent further action from being taken.

Property owners have two years to pay delinquent taxes. If after two years, the taxes have not been paid, they will lose their property to foreclosure. Foreclosure is, unfortunately, a permanent form of action – the property cannot be recovered after being given over to foreclosure. An individual in danger of foreclosure will receive at least five warnings prior to action being taken.

These warnings include:

  • Two by First Class mail
  • Two by Certified mail
  • One by personal service

Many times, delinquent taxes can be repaid on a monthly basis, but the total must be completely paid off before the foreclosure date.

If you believe that you may be facing foreclosure, it is important to contact our firm right away. We can assess your situation and create a plan that fits your needs. The sooner you call, the more effectively we are able to help.

Call today! A Detroit bankruptcy attorney can schedule your free consultation.

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