Financing in Niagara County>Question Details

aponte8999, Home Buyer in New York, NY

I was told that I need to bring a full year of taxes to the closing. Is this true?

Asked by aponte8999, New York, NY Fri Apr 19, 2013

I offered 129900. yearly tax are 4200, closing is on June 17, 2013.

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Taxes are paid in full at some time of year. I assume you are paying cash so there is no escrow being collected to pay the taxes, so it does sound correct. The taxes should be prorated with the previous owner paying the amount when they owned it and you paying your share. The company closing the transaction should be able to explain this.
0 votes Thank Flag Link Fri Apr 19, 2013
Actually no I am not paying cash. I have been approved for a 130,000 loan.
That is why I am confused.
Flag Fri Apr 19, 2013
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