Term: Foreclosed Home
2 found

Boomerang Buyers: Is There Homeownership After Foreclosure?

By Steven Shaw on 4/24/2015

Boomerang Buyers: Is There Homeownership After Foreclosure?

Roughly 7 million Americans lost their homes during the Great Recession. Now, seven years on, the first wave of those consumers might be ready to dip their toes back into the housing market, as their credit reports are finally clean of that negative entry. The group has been dubbed “boomerang buyers.” There’s disagreement about how many of this group will — or already have — decided to take the plunge back into homeownership, and how much that might help the economy. But it’s possible the boomerang group could suffer from being once bitten, twice shy as they weigh their new options.

Foreclosed Home
Foreclosure
Home Loan
Mortgage

Do I Have to Pay Taxes on a Foreclosed Home?

By Steven Shaw on 8/6/2013

taxes on a foreclosed home

Losing one’s home to foreclosure is never easy. One of our readers, “Kate,” wants to know whether she will still be on the hook for her property tax bill if it gets to that point. She writes:

If one “walks away” from their home mortgage, home goes to foreclosure, but still owed a current property tax due on that home, does the bank pay the tax lien (bill) when the house sells again? Or can the local county come after the old owner ?

Foreclosed Home
Foreclosure
Pay Taxes on a Foreclosed Home
Pay Taxes on a Foreclosed Home?