Tax trouble and mortgage trouble often arrive together: job loss, medical bills, a death in the family. Now you’re staring at collector notices and lender letters.
Two different systems
- Property taxes: unpaid taxes can lead to a tax certificate and, later, a possible tax deed sale. This is a county process.
- Mortgage: missed payments can lead to default and a judicial foreclosure in Florida. This is a court process.
They don’t cancel each other out. A tax deed sale and a mortgage foreclosure can both threaten the house on different calendars. Payoff figures change; get current numbers from the tax collector and your loan servicer.
Options if you want to keep the house
Ask your loan servicer about loss mitigation, such as a loan modification, forbearance or a repayment plan. Talk to a HUD-approved housing counselor. Ask the county tax collector for the amount needed to redeem the certificate. More in avoiding foreclosure.
Where a cash sale fits
If keeping the house is no longer realistic, a cash as-is buyer can often address taxes, liens, and mortgage payoff through closing—so you’re not inventing cash to bring to the table. Whether there’s equity left depends on balances and value; an honest offer will say so plainly.
Learn more: Behind on Property Taxes in Central Florida. Call 321-316-1051.
Not legal advice. Get counsel early if foreclosure or tax deed dates are active.