What is the difference between a mortgage foreclosure and a tax foreclosure?

A mortgage foreclosure may be filed because a borrower failed to make payments to the lender, whether it be a mortgage company, bank or credit union, as promised in a contractual agreement.

A tax foreclosure may be filed against property by the county because real estate taxes were not paid by the property owner as required by law.

Show All Answers

1. What is the difference between a mortgage foreclosure and a tax foreclosure?
2. Can I lose possession of my real estate by not making the mortgage payments as agreed?
3. What should I do if a mortgage foreclosure is filed against my property?