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SusanGoulding
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Post subject: Taxes and HOA's  Posted: Wed Jan 23, 2008 11:24 pm |
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| Junior Member |
Joined: Thu Aug 02, 2007 12:22 pm
Posts: 8
Location: Tracy, CA
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I'm sure that somewhere this has been covered, and I could search it out - but this is so much easier.
9 listings -- all but one are short sales -- price constantly decreasing - FINALLY 3 offers on one property -- HUD 1 has been done-- back taxes and HOA fees are due.
Is the bank going to cover these? I want to be totally honest with the other agents. Suggestions to make this deal go through. I've got great records or price decreases and showings, already have my name in at the bank, seller already has a Loss Mit person assigned, true hardship..... what about the taxes?
thanks
Susan Goulding
Keller Williams - Tracy/Mt. House, CA
209-914-5573
The area of dubious reputation # 1 in the nation for Foreclosures. Rapidly declining market.
_________________ Susan Goulding, Realtor
Keller Williams Realty
Tracy - Mountain House, CA
209-914-5573
http: http://www.SusanGoulding.com
Susan@SusanGoulding.com
always at your service!
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DebKSmith
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Post subject: Any back taxes will be paid at closing Posted: Thu Jan 24, 2008 5:25 am |
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Joined: Thu Aug 16, 2007 11:19 am
Posts: 4
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Yes the lender should pay any back taxes at closing. Any amounts that are owed are part of your customers debt and will figure in to the bottom price the lender will accept for the property.
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SusanGoulding
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Post subject: Posted: Fri Jan 25, 2008 1:05 am |
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| Junior Member |
Joined: Thu Aug 02, 2007 12:22 pm
Posts: 8
Location: Tracy, CA
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Thanks -- I've got the first one going in tomorrow -- it's 101 pages -- do you really fax the entire thing?
_________________ Susan Goulding, Realtor
Keller Williams Realty
Tracy - Mountain House, CA
209-914-5573
http: http://www.SusanGoulding.com
Susan@SusanGoulding.com
always at your service!
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ArizonaRandy
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Post subject: Posted: Tue Feb 26, 2008 7:46 pm |
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| Junior Member |
Joined: Sun Jan 20, 2008 7:56 pm
Posts: 3
Location: Metro Phoenix
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Susan, Be sure all costs expected to be paid by the lender are included on the HUD-1 statement you are sending to the lender. Yes, all documents required in the lender short sale package need to go to the lender. We fax all offers separate. Also write or use labels with the loan number on all pages of documents sent to the lender. And... Have fun!
Randy Lewis
Associate Broker
RE/MAX Professionals
Arizona
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