Replies to This Discussion

Permalink Reply by Bryant Tutas on April 10, 2011 at 1:04am

Jane. The lender will pay the taxes if she doesn't. So it really depends on her financial position. Maybe it would make sense for her to hold on to that money and use it to help get the short sale closed if needed.

Permalink Reply by Kari A. Battaglia on April 10, 2011 at 2:18am

In Sarasota County it takes several years of unpaid property taxes before home is auctioned for back taxes.  I had a lender who failed to pay the back taxes and home was auctioned before we can close the short sale.  We even contacted the lender (BOA) to let them know that the auction was scheduled weeks before and they told us they were aware of it and would make the payment.  Well they did not pay the back taxes and the person who bought the home at the tax deed sale was the buyer we had under contract for $150,000.  They bought the house for $80,000.

Permalink Reply by Richard Zaretsky on April 10, 2011 at 6:07am

I usually advise my clients that the order of what you don't pay has real estate taxes as #1.

Permalink Reply by Maya Thomas on April 10, 2011 at 6:16am

The bank will pay. Call BoA Tax Services and tell them the taxes need to be paid 866 767 4104.

Permalink Reply by Patsy Clevenger on April 10, 2011 at 9:30am

You can pull the tax roll chances are they were paid last month by B of A