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To: Gaffer
Something about the story doesn’t make sense. She accrued a tax bill of only $2,300 over the course of five years?

I’ve seen the foreclosure process up close in commercial real estate on behalf of a client. The entity that forecloses on the property — whether it be a bank or municipal government — isn’t just entitled to the amount they’re owed by the property owner. It’s also entitled to collect legal fees, administrative costs related to the foreclosure, and any carrying costs for the property while they held it before it was sold.

7 posted on 04/26/2023 3:13:58 AM PDT by Alberta's Child ("I've just pissed in my pants and nobody can do anything about it." -- Major Fambrough)
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To: Alberta's Child
Something about the story doesn’t make sense.

I agree.

This line is vague: "Soon Geraldine accrued a $2,300 tax debt"

What does "soon" mean? One year? Three years?

But it appears Geraldine thought someone else was going to pay those property taxes, and whoever that someone else was didn't do it.

11 posted on 04/26/2023 3:24:59 AM PDT by silent_jonny (Mene, mene, tekel, upharsin, Joe. The feet are at the door (Acts 5:9) 9-18-21)
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