Sometimes, property taxes are paid through a mortgage escrow account that the lender sets up when a borrower takes out a home loan. With an escrow account, the borrower pays money to cover property taxes—and also typically homeowners’ insurance and possibly other items, like homeowners’ association...
Wisconsin homeowners won’t immediately lose their home to a foreclosure after falling behind on a mortgage payment. Federal law generally gives homeowners 120 days to research foreclosure avoidance options before the bank can start the process of taking a house. After this period expires, the...
