Back Taxes Sold on Property I Own

[Derek Johnson]

Hello,

I just bought a house from a seller this past month. Now I got a letter from my county treasurer stating that there are delinquent property taxes and they've been sold to a buyer, and I have two years to pay them back with interest or risk losing the property.

WHAT? 

I got a conventional loan through a bank, do they not do a title search to check for liens? Am I really responsible for this? I've already contacted the mortgage officer I worked with and he is supposed to make some calls today and let me know what he finds out. Any advice here?

[Wayne Brooks]

Look at your closing statement from the title co., on the Seller's side. See if you see a deduct for those taxes.  My guess is they didn't miss them, deducted them from the seller proceeds, but just failed to pay them yet.  Either way, it's their responsibility to resolve.