I bought a house about 4 years ago. The owner financed the house to me. I had some financial problems and was unable to keep up with the payments on the house and the property taxes. The owner told me the city filed a lawsuit against him to recover back taxes and he paid some of the taxes and added it to my balance. He took back the house and now has sold it. Do I have to pay the remainder of the taxes owed?
2007-01-05 02:51:50 · 3 answers · asked by Gabe 2 in Business & Finance ➔ Taxes ➔ Other - Taxes
It doesn't sound like title was ever transfered. If it was not then no, they are his taxes. If yes and they went after him as if he were a bank then yes, you need to pay up. They can get nasty too, I would not advise you to hold them off for long.
2007-01-05 02:54:45 · answer #1 · answered by Anonymous · 2⤊ 0⤋
If the owner sold the house, the taxes were paid at closing. The taxes are the responsibility of the owner.
You don't owe any property taxes.
I can't say whether you owe the owner any money, that depends on what documents you signed.
2007-01-05 11:58:51 · answer #2 · answered by ninasgramma 7 · 1⤊ 0⤋
Since your name was not on anything and the house has been repossesed and sold again I would say legally no. However if this a friend you would probably have a moral obligation to do so.
2007-01-05 10:55:11 · answer #3 · answered by his temptress 5 · 1⤊ 0⤋