Having a few thousand in checking really saved my butt today.
I got a call from a friend who works for the county this morning. They wanted to know if everything was ok, bc my house was set to go up for a tax lease sale tomorrow. I was astonished since the bank that holds my loan should have paid the tax.
I purchased a new home last year and the tax is a part of my mortgage payment to be held in escrow. I called the tax rev office and was informed the tax bill was sent to my bank but not paid. I asked if the lease sale could be frozen or delayed while I work this out with my bank and was told no.
The only thing that would keep my house from being offered up to someone else was to go to the revenue office and pay the tax bill today.
I dropped the check off, confirmed with the county that my home is paid to date in full and the tax lease will not be offered for sale, and have spoke to the bank about receiving a refund from the escrow and removing them as the tax payer.
So all is good with me, but I kept thinking what if I was 1 of the 40% of Americans that doesn't have savings? I could have lost my house over an error and a few thousand dollars.
(Now yes you get one more month to pay the tax bill, but that is after a lien on your credit, additional fees, and without having an emergency fund you may not put together a few thousand in 30 days)
Submitted April 27, 2017 at 02:44PM by NostalgiaZombie http://ift.tt/2pqDXqE
