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Updated almost 2 years ago,

User Stats

8
Posts
2
Votes
Kyle Paczesny
  • Chicago, IL
2
Votes |
8
Posts

Owed taxes - duplex under contract

Kyle Paczesny
  • Chicago, IL
Posted

Ran into an issue here. I have a duplex under contract and supposed to close next week.

Per the title company there was some owed taxes on the property. The tax lien is attached to the previous sellers not the current owners.

The previous sellers are not cooperating and can’t produce a clear title. They did a quit claim deed and did not have title insurance.

Sooooo….. the current owners agreed to pay the tax lien (subtract it from profits at closing) but they need the previous seller to sign off, which the are refusing.

We’re at a stand still. Any advice? Do I walk?

Thanks!!

Kyle

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