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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: MulhollandDrive who wrote (100307)1/15/2008 3:34:27 PM
From: Jim McMannisRespond to of 306849
 
Why pay the property taxes when you're gonna walk?



To: MulhollandDrive who wrote (100307)1/15/2008 4:02:19 PM
From: John VosillaRespond to of 306849
 
<<"If people don't pay their taxes, it takes five years before it will go to public auction. Whereas if you don't pay your bank, they can foreclose on you and boot you out in six months>>

CA has once of the longest redemption periods..most other states give you 1-2 years. Just another of the wrinkles to this mania. I just wonder how huge the pool of toxic loans were never even escrowed?


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