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11-22-2009, 11:18 PM
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Can mortgage lender take it upon themselves
to pay your property taxes? If you don't have an escrow account and you are 6 months behind on your property tax payment, by law you have 5 years before the tax collector could foreclose for taxes due, but can the mortgage company step in and pay the amount and charge for past due and one year in advance raising your mortgage payment a lot.
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11-23-2009, 03:06 AM
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yes....because the house is still technically theirs until you pay them off. They can protect their investment by forcing you to pay taxes or anything that might "cloud" the title.
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