Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Philadelphia Real Estate Forum
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 5 years ago,

User Stats

45
Posts
12
Votes
Mauricio Botero
  • Investor
  • Stafford, VA
12
Votes |
45
Posts

Philly Water company making me pay 6 years worth of bills?

Mauricio Botero
  • Investor
  • Stafford, VA
Posted

So I'm about to refinance on a house in Philadelphia that has been rented out for the last two months, and that I've owned for almost a year. At closing when I purchased it, the city did a water reading and it was just 30-40 bucks, no big deal. 

Fast forward to this past month when the title company started doing their thing for the cashout refinance, and I see that I am going to owe a few hundred dollars at closing! Coincidentally at the beginning of the month, I receive a water bill for over $3,000! Looks like the city realized that something was wrong with the meter for the last 6 years and they are charging me for what would have been the estimated usage. 

Needless to say I am beyond frustrated as I had closing scheduled for a Friday, was finally shown the HUD the day before, and immediately postponed the closing.

Property management called the water company and I followed up to put it under dispute. Their turnaround on this review is "up to 30 days". Ouch. 

Any recommendations on how to prevent this in the future? 

Has this happened to anyone with the Philadelphia City Water? 

Loading replies...