we are selling our home and we owe back property taxes - can this be paid with the closing proceeds?

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we are selling our home and we owe back property taxes - can this be paid with the closing proceeds?

2006-09-02 06:39:12 · 4 answers · asked by amy99z 1 in Business & Finance ➔ Taxes ➔ United States

4 answers

Yes. They are the first things paid.

2006-09-02 06:46:48 · answer #1 · answered by ed 7 · 0⤊ 0⤋

I don't know but they need to be paid, do not leave them unpaid in your name.Never ever leave them like that.
That is about as far as my knowledge goes.The buyer should know there are unpaid taxes too. I assume a lawyer will be doing the paper work?? The house could get tied up in litigation

2006-09-02 06:43:47 · answer #2 · answered by Eeyore 3 · 0⤊ 0⤋

Absolutely. The title has to be cleared or the sale will not be completed. This will be handled by the escow company.

2006-09-02 08:05:25 · answer #3 · answered by WJVV 4 · 0⤊ 0⤋

2006-09-02 06:41:50 · answer #4 · answered by uc 2 · 0⤊ 0⤋