Truth or Consequences, NM
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I will add that homeowners who are behind or delinquent in making their mortgage payments may also be in arrears with their property taxes. In my past experiences, when I first purchased a home, PITI were included in the mortgage payment. PITI means Principal, Interest, Taxes and Insurance. When the opportunity came around for me to refinance, Taxes and Insurance were not included or rolled into my monthly mortgage payments. This meant that if I went into default with my mortgage payment, I would probably have been behind on my property tax payments, and if that were the case, the county would confiscate the property and sell it at a public auction to the highest bidder for the back taxes owed. Now, some counties will set a minimum bid amount for a property auction, which sometimes, not always settle the principal amount the bank or lending institution is owed.
Homeowners who are behind in their payments are always, always urged to contact their mortgage lender, to try to avoid the lender from repossessing your home. It's been said that the bank or lending institution does not want to take your home from you, and that is true, they would rather come to some kind of an agreement with the homeowner.