So, just now, I found a *warrant notice* attached - not nailed, although it would have sounded more dramatic - to my front door.
It was for *unpaid real estate taxes* which are DUE IMMEDIATELY.
Let the foreclosure process begin - for my Moronic landlord.
If y'all remember, he recently tried to raise the rent on us, IN THIS ECONOMY, when his *ownership* status was extremely suspect.
Though a complete idiot, he would have to be beyond crazy to keep paying real estate taxes, higher or not.
We called his bluff and got a new month-to-month lease at the same $2,500 monthly rate.
And, judging by the dollar amount on the warrant, it doesn't look like his taxes went up much at all - no less by $600 per quarter like he insinuated during *negotiations*.
Note that whoever eventually buys this house in a foreclosure proceeding will have to cover his unpaid taxes - and perhaps any unpaid Federal taxes.
How long before do y'all think it will be before the water is turned off?
For background, see - Update - My Moronic Landlord.
What unpaid federal taxes are you talking about?
ReplyDeleteCurious ...
Would be *income* taxes, of course.
ReplyDeleteI believe the Feds have 30 days to put a lien on within some window of the foreclosure process.
That I learned from a park mom.
I know for a fact my landlord has been audited, and sanctioned, in the past couple of years. He told me that he had trouble getting an accountant to do his returns - because of the instructions he was giving them.
ReplyDeleteNow, most accountants will do whatever you want for a fee since the liability remains on the filer. So that just tells you how shady his *books* have been.
How much would that suck to buy a foreclosure and then find out you had to pay 100k worth of back taxes for the deadbeat previous owner!
Wouldn't a federal tax lien have to be disclosed to the buyer and shouldn't that come up on the title search or bank audit?
ReplyDeleteI would hope so.
ReplyDeleteI admittedly haven't researched this fully.
But don't assume anything sane or reasonable about the IRS and their thuggish ways.