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Failure to provide this notice might lead to a foreclosure proceeding being brought in opposition to the Estate.
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But unfortunately, California's municipal and public college financing systems are type of messed up given the property tax caps that house-owning voters gave themselves below 1978's Proposition thirteen after which the requirement of a majority vote for any new revenue-producing charges or taxes underneath 1996's Proposition 218.
The place actual property is encumbered by a home loan, not a reverse mortgage, you could possibly lease your inherited actual property with out first refinancing the mortgage from a residential residence loan to an funding loan.
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