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Short Sale Information Rocklin - Do I Need to Pay My Property Taxes If I Do A Rocklin Short Sale?

By
Real Estate Agent with Roseville Rocklin Real Estate - Keller Williams 01489482

 

Short Sale Information Rocklin – Rocklin Short Sale Specialist, Mark Peek, recently received aShort Sale Information Rocklin - Do I have to Pay My Property Taxes? question from Mike. Here is Mike's Question.

"I am thinking about a short sale, but I am behind on my property taxes. Will I still have to pay them if I short sale my home? Mike."

Here is the answer to Mike's Question: The bank will pay those property taxes. Property taxes are a first priority lien on a property.

That means that if a property is foreclosed upon, then they still have to be paid. They don’t go away for any reason.

This is also why most banks want to charge you monthly and then pay the property taxes themselves. They know that the taxes are a big bill that only comes once a year.

Not everyone can afford that big bill. Because your bank knows they will still have to pay the taxes after a foreclosure, they are willing to pay them during a short sale.

A foreclosure is a liquidation of the property to simply get what they can and move on. A short sale has been proven to net them more money than a foreclosure.

So if they are liquidating the property, why not net more money from the sale with a short sale and avoid a foreclosure? That’s why they will pay the taxes when you short sale.

Every short sale I have sold resulted in the lender paying the property taxes that were owed. In some cases they paid 2-3 years of property taxes. Thinking about a short sale?

I can help you short sale your Rocklin home and never pay the bank another penny. Send me an e-mail at mdpeek@gmail.com. I will contact you for a free consultation.

When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at (916) 580-6084

Discover how other sellers successfully completed a Rocklin Short Sale and request a free consultation.

Thanks for reading this, Mark Peek.

Mark Peek is a Short Sale Specialist at Keller Williams Realty. Rocklin Short Sale AdviceShort Sale Information Rocklin:

Phone: (916) 580-6084. mdpeek@gmail.com.

"Know Your Options"

View My homes for sale at www.BuyorSellinFolsomLake.com.

Mark Peek specializes in loan modification assistance and short sales in Rocklin CA and surrounding areas in Placer  & Sacramento County. Rocklin Loan Modification Help, Rocklin Short Sales. Rocklin Short Sale Agent. Rocklin Short Sale Specialist. Short Sale Realtor. Rocklin CA Short Sales. Rocklin Real Estate. Short Sale InformationRocklin.

Copyright 2010 SFI Marketing Institute, LLC. All Rights Reserved. This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing. The views expressed here are Mark Peek's personal views and do not reflect the views of Keller Williams Realty on Short Sale Information Rocklin.

This information on Short Sale Information Rocklin - Do I Need to Pay My Property Taxes If I Do A Rocklin Short Sale? is provided as a courtesy to our viewers to help them make informed decisions on Short Sale Information Rocklin.

 

Comments (2)

Shannon Coe
exp realty of California, Inc. - Oceanside, CA
760-586-5268, San Diego Realtor

Good information. I would continue the home owners insurance until escrow closes.

Feb 10, 2011 11:16 AM
Mark Peek
Roseville Rocklin Real Estate - Keller Williams - Roseville, CA
Peek Real Estate Group - Roseville CA Real Estate

Yes but if the house house is vacant for more than 30 days, insurance won't cover damages such as stolen a/c units, stolen copper, electrical panel appliances etc..

Feb 10, 2011 04:29 PM