We were talking with one of our wonderful contractors recently and, of course, the topic of Alexandria foreclosures came up. I hear yeah, “so what else is new”….well, have you checked to see if your real estate taxes have been paid by your lender?
Here is the story - our contractor, let’s call him Joe, was at home when he had a visitor….a County Sheriff….serving a judgment for taxes that had not been paid for several years on a rental property! It just so happens that this property was financed by WaMu! Joe has always paid his mortgage on time. He never received notices that the taxes were delinquent…they were sent to WaMu! If Joe had not been home, the County would have booted Joe’s most valuable vehicle(s) to cover the debt. Fortunately Joe was just served the notice and is taking care of the issue.
Bottom line - things are not always as they seem…if your lender pays your escrows, verify your taxes and insurance are paid.
{ 3 comments… read them below or add one }
Where did you get your blog layout from? I’d like to get one like it for my blog.
I found your blog on MSN Search. Nice writing. I will check back to read more.
Eric Hundin
@ Mike - the theme is WP_Premium 1.0 by R.Bhavesh. Credit really goes to our designer, DaffodilDesign.com. She does great work!
Great tips on your blog. I had a consulting company for over 20 years and we installed/trained/supported accounting software installations.
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