Property tax problems for customers of bankrupt lender

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 · The loans are secured by a property lien and if unpaid a borrower can be foreclosed upon. Consumers put no money down and usually don’t pay anything for at least six months.

Property tax bills will be showing up in homeowner mailboxes over the next few weeks. For most people, the statement is just for informational purposes. Their monthly mortgage payment includes money that’s put into an escrow account so that the lender can pay the home’s tax bill each year. But what if your mortgage company doesn’t make the payment?

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“PACE loans. your property tax bill,” said Kevin Pendergraft, CEO of Pacific Community Credit Union, which has branches in La Habra and Irvine. “If a consumer runs into financial problems, they.

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San Bernardino, California, filed for municipal bankruptcy after disclosing a $46 million. costs as they contend with growing unemployment and declining property- and sales-tax revenue. The costs.

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The County starts a foreclosure if any property taxes are unpaid for three years.. You can use a Rescue Loan to pay off the past due property taxes and stop the. More information about bankruptcy is available through Northwest Consumer Law. Immigration · Native American Issues · Veterans · Youth Law & Education .

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