Buy Foreclosures From Banks
March 19th, 2010
Buy Foreclosures From Banks
Question: ok,were gonna buy a foreclosure in taylor,agent says back taxes are not buyers responsibility. is this true?
if true then who pays? the bank?i am buying from the bank...
>
Answer: If you buy the house on the courthouse steps , you owe the back taxes.
If the bank took title to the house at the foreclosure auction, they will pay the taxes when you close. This is a general rule. It would be legal for the bank to put in a counter-offer that the buyer will pay all closing costs except the listing agent's commission. If so, you need to alter your offer accordingly.
Economic Crisis, Bailouts, Foreclosures & Banks Pt 2 of 2
>
If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!
Related posts
Posted in Buying Foreclosures | 
Tags: banks, bookmarklet, bookmarks, del.icio.us, delicious, Foreclosures, how to buy foreclosures from banks, tools
Leave a Reply
 |
 |
 |
||
 |
 |
|
 |
||