QUESTION
How is primary residence impacted financial if 2nd property is sold in tax sale?
Asked on Dec 01st, 2014 on Taxation - New Jersey
More details to this question:
Own rental house, now empty. Husband passed and cannot afford to pay taxes. If this property is sold in tax sale, will it in any way affect my primary home?
1 ANSWER
Criminal Defense Attorney serving Toms River, NJ
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Edward J. Dimon
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if the two properties are not financially connected or connected by a contractual obligation, then the sale of the one for failure to pay taxes does not impact upon the other home. ed dimon
Answered on Dec 01st, 2014 at 1:50 PM