escrow: 2 escrow issues for sellers when closing near property tax due date
- 09/19/12 01:13 AM
Whenever a real estate settlement is close to a property tax due date, the potential for a post closing property tax issue increases. Simply, it is a matter of bad timing. Here are a couple escrow issues that can cause problems for home sellers who are planning to close near a property tax due date. Taxes are double-paid Let’s take Montgomery County, Maryland for example. Real estate property taxes are due by September 30 and December 31 (assuming a principal residence).Now let’s say that you have scheduled a closing for the sale of your home on September 20. Your current lender is (2 comments)