Foreclosure University Forum

back taxes and such

by neberryllc, Saturday, June 25, 2005, 20:07 (5076 days ago) @ lonniewa

� 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.

If they're back property taxes, they WILL show unpaid on the title report and therefore will have to be paid. That represents a lien.

�
� 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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