Does HUD pay property taxes on foreclosed homes it buys?

Answer The Department of Housing and Urban Development (HUD) pays property tax on all real estate purchased through the agency. Buyers who purchase a foreclosed HUD property must pay prorated house taxes,... Read More »

Top Q&A For: Does HUD pay property taxes on foreclosed homes...

Who Pays Property Taxes on Foreclosed Homes in California?

California governments depend on property taxes to fund their operations and programs. However, a poor economy, high taxes and expensive properties cause many homeowners to face foreclosure because... Read More »

Can Indiana homes be purchased for property taxes?

Indiana homes can be sold and purchased at auction because of delinquent property taxes. The amount paid for such homes cannot be less than the amount of delinquent taxes due, but usually includes ... Read More »

How Does Courthouse Bidding Start on Foreclosed Homes in Florida?

Florida was the first state in the country to hold online foreclosure auctions and currently about half the counties in the state have converted from courthouse auctions to an online process. You m... Read More »

What does a failed bank do with its foreclosed property?

Bank-held foreclosures are transferred to another institution in the event of the bank's failure. The Federal Deposit Insurance Corporation (FDIC) generally acts as the receiver of all assets of a ... Read More »