Is the homeowner responsible for the unpaid real estate tax on ...

Question by Sonny A : Is the homeowner responsible for the unpaid real estate tax on foreclosed property
My short sale buyer withdrew their intention to buy my property for the it?s been over 5 months now and the lender have to shut my application process to sell said property. Now, on facing foreclosure. Am I obligated to pay the real estate tax not covered by the escrow account? By law, what are the other incidental expenses that I have to pay. Best answer:
Answer by glenn

You are legally obligated under
most mortgages and under most state laws to pay the entire mortgage debt including any interest and fees and lawyers fees plus insurance and property taxes. Most people not in your situation do have the money to do this and either declare bankruptcy or get the mortgage company to forgive them of this.In other words, after a house is taken from you in foreclosure you may be legally obligated to pay the mortgage company for any shortfall they did not recover to the foreclosure sale.Some states and some mortgages are ?non-recourse? and the mortgage company can not come back against you, but most are not.

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