Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (2) | Ignore Thread Prev Thread | Prev | Next | Next Thread
Author: acm4tax Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121146  
Subject: Re: unpaid prop. taxes Date: 7/16/2001 11:22 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
Just today, I received a letter from my mortgage company saying I was in default of my mortgage and needed to pay the tax and send a copy of the receipt to them immediately.

First: Read the terms of your mortgage. There should be a statement in there regarding the consequences for non timely payments.

Second: contact your mortgage company (in writing too) and explain your situation. They really don't want to foreclose on your house, so as long as your repayment is in a reasonable amount of time (3 paychecks seems reasonable to me). They should be willing to work with you. Make sure you get a manager's approval and not just some clerk's OK. Your house is a pretty large investment to trust a verbal OK from someone who may not have the authority to approve your payment agreement.

Third: Stay cool. Communication is the resolution to your problem.
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (2) | Ignore Thread Prev Thread | Prev | Next | Next Thread

Announcements

Disclaimer:
In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement