102k views
0 votes
A property in which the owner was delinquent in the real estate taxes will become a tax defaulted property as of

User Gosha
by
8.6k points

1 Answer

5 votes

Final answer:

A property becomes tax defaulted when the owner is delinquent in paying real estate taxes, and the government can take action to collect the unpaid taxes.

Step-by-step explanation:

A property in which the owner is delinquent in paying real estate taxes will become a tax defaulted property. This occurs when the owner fails to pay their property taxes for a certain period of time, typically as determined by local laws and regulations.

Once a property becomes tax defaulted, the government has the authority to take action to collect the unpaid taxes. This can include placing a tax lien on the property or even initiating a foreclosure process.

It is important to note that the specific timeline for when a property becomes tax defaulted can vary depending on the jurisdiction and local laws.

User Sgriffinusa
by
8.0k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.