How does a property tax lien impact credit for a person on the deed?

My husband had financed/purchased a property with his own name. However, he listed me on the deed. The home is now in foreclosure preceedings and I am worried that if I don't pay the property taxes for that property that I am liable for the taxes and it will impact my credit score and ability to rent. Also, if a property tax lien is placed on my credit - how does that work. Do they place it for every missed tax payment?

How does a property tax lien impact credit for a person on the deed?
If the property is being foreclosed I don't see why you should even have to pay property taxes. The bank should be paying thee taxes.
Reply:You are liable for the property taxes, becuase they have nothing to do with the mortgage.





You are just as responsible as he is.





They can't place any lien for the MORTGAGE on your credit for the loan, b/c it wasn't in your name, but if the bank pays off any outstanding property taxes, they can get a judgement against you for 50% of the amount.





When you are married, there is no such thing as "he" or "she", it's "we" and you need to keep yourself informed of what your spouse is doing with your family finances...b/c apparently he can't manage them very well.
Reply:When you are on the deed for a property, you own it and are responsible for it and yes, it will affect your credit. If the home is in forclosure, the property taxes, which are a lien on the property and must be satisfied, will come out of the proceeds of the sale. ALL missed tax payments become a lien on the property. I'm not sure if it will impact your credti SCORE but shouldn't impact your ability to rent unless they go only by credit score. That's a big thing in MY book though. But I know how to read a credit report and can see that the property tax lien would not affect your ability to pay the rent, most likely. good luck with that. Hope it all works out.
Reply:This answer is based on a referenced book below. So it isn't my opinion that I just randomly typed up.





First, property tax liens are not part of the three credit agencies reporting. Personal tax liens are, but not property tax liens.





Second, the mortgage company will pay for it during the foreclosure procedure.





Hope that clears it up.