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2. Foreclosure - Wikipedia

   en.wikipedia.org/wiki/Foreclosure

   Foreclosure is a legal process in which a lender attempts to recover the balance of a loan from a borrower who has stopped making payments to the lender by forcing the sale of the asset used as the collateral for the loan.

3. Property tax - Wikipedia

   en.wikipedia.org/wiki/Property_tax

   Property taxes are levied by either state government or local civic bodies. Property tax or 'house tax' is a local tax on buildings, along with appurtenant land. It is imposed on the Possessor (not the custodian of property as per 1978, 44th amendment of the constitution). It resembles the US-type wealth tax and differs from the excise-type UK ...

4. The former Albright mansion property in Shorewood remains ...

   www.aol.com/former-albright-mansion-property...

   The current owner is also delinquent on 2022 and 2023 property taxes a total of $19,134.54, according to the Milwaukee County Treasurer's Office. ... meaning it lacked protections against ...

5. Mortgage law - Wikipedia

   en.wikipedia.org/wiki/Mortgage_law

   For this reason, if a borrower has delinquent property taxes, the bank will often pay them to prevent the lienholder from foreclosing and wiping out the mortgage. This type of mortgage is most common in the United States and, since the Law of Property Act 1925 , [ 12 ] it has been the usual form of mortgage in England and Wales (it is now the ...

6. Tax increment financing - Wikipedia

   en.wikipedia.org/wiki/Tax_increment_financing

   Tax increment financing subsidies, which are used for both publicly subsidized economic development and municipal projects, [2]: 2 have provided the means for cities and counties to gain approval of redevelopment of blighted properties or public projects such as city halls, parks, libraries etc.

7. Homestead exemption - Wikipedia

   en.wikipedia.org/wiki/Homestead_exemption

   Allowing a tax-exempt homeowner to vote on property tax increases to homeowners over the threshold, by bond or millage requests For the purposes of statutes, a homestead is the one primary residence of a person, and no other exemption can be claimed on any other property anywhere, even outside the boundaries of the jurisdiction in which the ...