/biz/ - Business & Finance

>>52662869
Generally not. Usually what happens is you get a lien put on your house for the amount and interest accrues until you pay it or the house is sold.

Generally, the government isn't interested in foreclosing on your house because it's expensive for them to take ownership and sell it. They can of course auction it off but for such a small piddly amount of what is property taxes, it's usually not worth the hassle. Governments only begin to foreclose when you owe years of back taxes and haven't made any attempt to rectify it. Banks are generally the same way. They don't want to foreclose on property (especially now in this market) because it just adds admin cost and is kind of a bad return on their investment. Most lenders will work to prevent a foreclosure as long as you aren't a deadbeat jogger or something.