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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Elroy Jetson who wrote (30804)5/6/2005 10:20:18 AM
From: GraceZRead Replies (2) of 306849
 
As I have spoken to new home owners I have learned that it is less expensive for them to incur the penalty for failing to pay the property taxes on time than it is to miss their mortgage payment, obtain a cash advance on their credit card or other means of conserving money

Mortgage companies don't collect RE taxes with the monthly mortgage payment in CA? Here the taxes and homeowner's insurance is escrowed and paid by whomever services your mortgage. Only homes without a primary mortgage have taxes paid directly by the individuals.
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