The problem of delinquent property taxes has larger consequences than the violation of mortgage loan terms. (fhaloanpros.com)
The downside is you generally are required to pay cash and buy the property sight unseen, and you could be assuming liens or judgments and be forced to pay delinquent property taxes. (thebalance.com)
The penalty for delinquent property tax payments is 10 % of your tax, and interest on your unpaid debt accrues at a rate of 1.5 % of the tax for each full or partial month your payment is late. (smartasset.com)