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Updated about 8 years ago on . Most recent reply
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foreclosure taxes - who pays?
I have a buyer wanting to close on a foreclosure before 1/30/17. The 2016 taxes haven't been paid yet (due 1/31/2017). If the house is being sold "as-is" who pays for 2016 taxes?
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Originally posted by @Johnny Chang:
thanks Christopher. I'm sending this 12 page addendum to my lawyer and title company to review as I made a commitment to fight for my buyers!
The 12 page addendum indicates it is a FNMA so yes they will pay the 2016 taxes and 2017!will be prorated