Foreclosure University Forum

back taxes and such

by lonniewa, Friday, June 10, 2005, 02:50 (5155 days ago)

I was just wondering how do you handle back taxes> In WA. state this can get really expensive. You did not address the back taxes on your hud-1 in your course.

I also would like to know how would you handle the transfer tax if it was 1.78% of the sale> Median home prices in my area is a little over 200k. So that is 3500.

What happens if the deal falls through> If I cannot get a buyer fast enough to do a double close what escrow and closing fee I will be responsibel for up to that point If I am not able to buy>

Lonnie Turner


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