In the state of Indiana, getting behind on your property taxes could be grounds for losing your home. At RedBird Realty Solutions, we can help! For many homeowners, their property taxes are usually included in their monthly mortgage payment, along with their insurance. When a homeowner pays off their house, they are now responsible for paying their insurance and property taxes on their own. If a homeowner forgets to pay those property taxes, they can be assessed penalties and fines for late payments. It doesn’t take very long for those bills to start adding up to an amount that many people may struggle to pay.
There are also other ways for a homeowner to get behind on property taxes. If you have inherited a property, the property tax bill may be going to the wrong address. Maybe you have moved out of state and the county hasn’t gotten the correct forwarding address. Or maybe a family member was living in the house and moved out, without leaving a forwarding address. No matter the reason for falling behind on your property taxes, you could be at risk of the following:
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- You can be assessed penalties and fines for being late on paying your property taxes. This can significantly increase the amount owed to the county in which the property resides.
- You could have a lien placed on your property, that leads to the eventual sale of your house, unless your back taxes, penalties, and fines are paid in full!
- After three years of non-payment on your property taxes, your house will be listed for sale by the county, and you could lose your house without receiving any proceeds of the sale!
RedBird Realty Solutions can help. We can offer creative solutions to either get your back property taxes paid in full, or we could negotiate a sale prior to the tax sale, and enable you to receive some of the equity in your house before you lose it for nothing to the county! We would love to help you with any questions you may have. Please Give Us A Call! to see how RedBird can find a personalized solution for you!
References to Indiana Code:
(Ind. Code § § 6-1.1-24-2, 6-1.1-24-5)
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