Hey all,
I started my refi back at the end of Sept. however, there were many things that we needed to get together. My taxes were due Nov 15th. The loan guy says not to worry..that everything is ok because they will allow me 6 months before they get ready to take my home! lOL...So my question is..who pays for this?....i mean, does it come out of my equity? He says we should be closed by the second week in december. So this will mean my taxes will be a month late. HELP!
2007-11-25 14:24:38 · 1 answers · asked by Traduce 1 in Business & Finance ➔ Renting & Real Estate
If you are refinancing and going to remain in the home then you should pay your taxes.
If they are in escrow with the old loan, they should pay them as the loan still exists when the taxes are due.
If you don't escrow your taxes, pay them! If not, it'll be a closing cost that you will have to pay at closing.
It really will help the closing go smoother if they are paid.
good luck!
2007-11-26 02:05:43 · answer #1 · answered by Rush is a band 7 · 0⤊ 0⤋