Well hello again everyone my name is Matt Fetick with Sold By Short Sale, Philadelphia’s leading short sale specialist, thanks for checking out my blog today. My team and I specialize in short sales within the Philadelphia area and I blog frequently to keep homeowners informed and in power when it comes to avoiding foreclosure. If my blog is helpful today please take a minute to browse my website for even more information or contact me directly to set up a free consultation.

For our blog topic today I wanted to discuss the issue of unpaid property or association taxes during the short sale approval process. Obviously people who are struggling to pay their mortgage or rent every month may also be behind on their property taxes and it is important to know how this could affect a short sale. It is a common question when meeting with someone for the first time to be curious about what will happen to any unpaid taxes once your home is sold. The good news is that if you complete a short sale your bank will pay your unpaid property taxes with the proceeds from the sale of your home. After a short sale your bank is responsible for paying any liens against your home and your property taxes will always hold the first lien. Even if your home enters in to foreclosure it will have to pay any unpaid property taxes. Now if you are able to pay your property taxes every month it is in your best interest to stay current. However, if this is not the case please contact me so we can discuss your options. If you have more questions or would like discuss your specific situation please visit my website or give me a call today. Thank you for checking out my blog today and I hope to hear from you in the future at Philadelphia’s leading short sale specialist.