Re: Property taxes in Short sale?
Posted by NJD on December 31, 2008 at 13:20:40:
In Reply to: Property taxes in Short sale?
Posted by kingno1 on December 31, 2008 at 09:53:40:
Look at the HUD1.
The SALES PRICE was $321,000.
From sale proceeds were paid (BY THE SELLER) the buyers' credit, the property taxes, the mortgage lender, and other costs of sale including any realtor fees, transfer taxes, etc.
All deemed to have been paid by the SELLER from the proceeds of sale unless the terms of sale specifically indicated otherwise.
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