The bank will pay this even if you aren’t paying them because they
don’t want a tax auction to occur. They will pay the taxes while they
foreclose your ass.
I think that the issue for local government is a sudden decrease in property values means that income growth is stagnating.
Now marginal crappy property in the hood may go direct to tax auction,
but it won’t occur to most places.
The local governments are addicted to rising property values.
