If I am Doing A Short Sale, Do I Need to Pay Past Due Property Taxes?

If I am Doing A Short Sale, Do I Need to Pay Past Due Property Taxes?

When the short sale closes, the lender will settle the past due property taxes. It’s important to document all the closing costs on a HUD-1 form, which the lender needs to approve before the short sale transaction closes. The lender may cover the delinquent property taxes.Next Topic: Who Buys Short Sale Properties?For more information about short sales, please contact Torelli Realty.