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Treasurer : Treasurer FAQs: What is forfeiture? Does it mean I lose my property?
 

Question

What is forfeiture? Does it mean I lose my property?

Answer

‚ÄčNO. Forfeiture is the first step to Foreclosure. The interest rate goes from 1% per month to 1.5% per month retroactive to March 1 of the prior year. A $175.00 processing fee and recording fees are also added. Additional fees will be added as they incur throughout the year.

Category

Forfeiture/Foreclosure

Attachments

Created at 3/12/2015 9:35 AM by Webmaster
Last modified at 3/12/2015 9:35 AM by Webmaster