What happens if I am unable to pay my taxes while in foreclosure?

If you are unable to pay your taxes while in foreclosure in Pennsylvania, there are options available to help protect you and your property. The first option is to file for bankruptcy. Bankruptcy can help stop foreclosure as well as allowing you to have more flexible payment terms for your taxes. Another option is to contact your lender and inform them of your situation. They may be willing to work with you in terms of helping to pay off the taxes or to extend the payment terms. Finally, you can contact a lawyer who specializes in foreclosure defense. An attorney can help you set up a repayment plan with the government and can also help you negotiate a settlement for a lower amount. They can also advise you on any available loan modification programs you may qualify for. At the same time, it is important to remember that if your home does go into foreclosure you still have to pay your taxes. If you do not pay them, you could be at risk for additional penalties. The best thing to do is to work with your lender and an attorney to ensure you are receiving the best possible outcome and that you are not taking on additional financial risk.

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What happens if I am unable to pay my taxes while in foreclosure?

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