Where do Taxes go in seller financing?

[Peter Bui]

Thinking of obtaining a property through seller financing, since they are giving me such a low interest rate and low price in Phoenix, Arizona. 

So my question is, where do the taxes go? or is that something I have to pay at the end of the year and not a monthly payment? 

Anything else I should consider or take out of the "expenses" when dealing with seller financing? 

Thanks in advance 

Peter 

[Michael Seeker]

Hey @Peter Bui - typically when utilizing seller financing the buyer (i.e. new owner) is responsible for the taxes and typically will save up the funds to pay the whole tax bill each year.  I've not heard of a situation where the financer would do an escrow and frankly I wouldn't want to have to depend on them to pay it.  If it doesn't get paid, you are the one that can end up losing the property.