You: So whether or not it's true... the government thinks you owe them tens of thousands of dollars in back taxes and interest, correct?
Sovcit: Correct.
You: Now say, in a hypothetical scenario, that you're five years into paying off your mortgage, and one day: suddenly the authorities decide to prosecute you for tax evasion.
If you go to prison, or at best case you get your paychecks severely garnished, it's going to be really hard to keep paying your mortgage. Kind of a big risk for the bank, wouldn't you say?
Sovcit: ...
You: So...?
Sovcit. You still didn't tell me how to handle. What can I send to the bank to satisfy this?
The thing is that they don't think the government thinks they owe taxes. They think that what we know of as the government is a fake organization that we don't have to listen to, we just think we do. My mom was one of these people, and though she died over a year ago, my sister and I are still in a legal battle with the organization she was a part of, because they keep saying that the state of Minnesota doesn't actually exist, so the laws that govern it don't apply, and that means they have the right to do whatever they want with the money that was supposed to go to me and my sister.
That sounds SO frustrating, friend. I'm sorry to hear your mom got caught up in that stuff, AND that its still impacting your family. That's brutal. Hugs from Canada.
It's more that the government is first in line to get paid. The Bank doesn't care a ton about you going bankrupt, as they are second only to the government in getting their money back.
Nah, the sovcit would just say they don't have to pay taxes and the government can't come after them for it, for whatever magic reason they come up with
@Dima @morgan_423 Some of them like to put shit like this in their local paper. Just to, y'know, stop themselves looking like complete cookers.
I guess newspapers are probably happy that someone is paying them to publish that stuff but the sovcits could save themselves some money by just printing out their notice and sticking it to the ceiling of a random porta potty, it would have the same effect
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You: So whether or not it's true... the government thinks you owe them tens of thousands of dollars in back taxes and interest, correct?
Sovcit: Correct.
You: Now say, in a hypothetical scenario, that you're five years into paying off your mortgage, and one day: suddenly the authorities decide to prosecute you for tax evasion.
If you go to prison, or at best case you get your paychecks severely garnished, it's going to be really hard to keep paying your mortgage. Kind of a big risk for the bank, wouldn't you say?
Sovcit: ...
You: So...?
Sovcit. You still didn't tell me how to handle. What can I send to the bank to satisfy this?
The thing is that they don't think the government thinks they owe taxes. They think that what we know of as the government is a fake organization that we don't have to listen to, we just think we do. My mom was one of these people, and though she died over a year ago, my sister and I are still in a legal battle with the organization she was a part of, because they keep saying that the state of Minnesota doesn't actually exist, so the laws that govern it don't apply, and that means they have the right to do whatever they want with the money that was supposed to go to me and my sister.
That sounds SO frustrating, friend. I'm sorry to hear your mom got caught up in that stuff, AND that its still impacting your family. That's brutal. Hugs from Canada.
Also if the government forse you into bankruptcy you will need to sell the house and the bank is going to be left holding the bag.
It's more that the government is first in line to get paid. The Bank doesn't care a ton about you going bankrupt, as they are second only to the government in getting their money back.
This is the key point that the banks are concerned with.
If the house is worth $100 and you owe the government $90, the bank can only recoup $10.
It’s a terrible idea to fund this loan because you likely will only get Pennies back
Nah, the sovcit would just say they don't have to pay taxes and the government can't come after them for it, for whatever magic reason they come up with
@Dima @morgan_423 Some of them like to put shit like this in their local paper. Just to, y'know, stop themselves looking like complete cookers.
I guess newspapers are probably happy that someone is paying them to publish that stuff but the sovcits could save themselves some money by just printing out their notice and sticking it to the ceiling of a random porta potty, it would have the same effect
At this point I don't want to pay federal taxes either. Fuck the US GOP.
SovTwit probably thinks it's a real court
If you don't pay your taxes who knows if you pay your mortgage.
Spoiler alert!
It doesn't matter if you pay or not, the government will take the house for non-payment of taxes and the lender gets fucked.
You see, mortgage will be drawn from strawman account 456-82-6943.
"You don't pay unlawful taxes? Thats great! All you'd have to do is show that you pay the lawful one, then :3"
I wouldn’t lend this person my pocket change. I don’t blame the bank for not lending them hundreds of thousands of dollars.
"Oh, you're not going to pay your real estate taxes? Yeah, that's not a liability we're going to take"
Shit, now I’ve got the People’s Court music stuck in my head.