Posted on: 14th Aug, 2009 09:52 am
there is a home I really want to purchase and was almost ready to write my offer when I noticed something out of place on the paperwork- the numbers we came up with reflected what taxes WILL be once the property has my homestead exemption, but there are $2075 due- so my payment will increase by $130 a month for one year I'm told. This isn't what I want and wouldn't sign my offer until it is changed but my realtor is new and believes there is no way around it. Is it possible to have the bank who holds the home (foreclosure) pay this money now so I'm not paying more than I want? am I really stuck paying the extra money for a year? seems that there are so many of these foreclosures that they'd be happy to come off $2000 to get rid of one...
guest, i gather that these are taxes that have been unpaid by the current owner/lender? certainly you ought to negotiate, but that's not to say you'll be successful. the taxing authority, of course, wants its money, though they ought to come first anyway.
you don't mention an attorney - do you have one? if so, have you run it by the attorney? it's a good idea to do so.
you don't mention an attorney - do you have one? if so, have you run it by the attorney? it's a good idea to do so.
At this point you woudl be better off negotiatign with the bank and probably make some 50/50 deal,if you really like the house
As realgeni suugested you should negotiate with bank for providing you better option.
I will say you should check with the other bank too and compare the both to go ahead.
I will say you should check with the other bank too and compare the both to go ahead.
and what other bank is involved here i'm wondering...if it makes sense, that's wonderful; if it doesn't, it ought to be scrapped.