Back Taxes

Back taxes are property taxes that have not been paid.

It is highly recommended to keep your property taxes paid on time. You could lose your home to foreclosure because of back property taxes. This is why many homeowner's prefer to escrow thier property taxes and homeowner's insurance and have them included into their mortgage payment each month. Sometimes it can be quite hard to come up with a large sum of money out of your pocket once or twice per year to pay for your property taxes.

Back taxes is an issue that often arrises when a Quick Deed(QD) is performed. Most times QD's are performed between two private, non real estate professional parties, with no regard to what liens, other than the mortgage/s might exist, including any possible tax liens due to back taxes.

If you have back taxes and enough equity in your house it is in your best interest to refinance and pay the taxes off. This will eliminate tax liens on your credit report and allow you to be current on you taxes.