I live in San Diego CA. & own a triplex. Each unit is non-owner occupied. I have a neg. amortization loan & can barely make the mortgage payment with the rent I receive each month. I can only afford to pay the negative payment. The value of the triplex is $ 100,000 less than what I can sell it for. I haven’t been able to pay the property taxes since 2006.
If the county auctions my triplex what happens with the bank? Do they get their cut from the auction or will they come after me to pay off the home?