Financing in Brooklyn>Question Details

Crags, Home Buyer in Brooklyn, NY

Is a trustee sale winning bid all inclusive, or are prorated taxes & fees due?

Asked by Crags, Brooklyn, NY Mon Mar 18, 2013

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Alison Hillman’s answer
You should really ask a local attorney/RE agent, but generally HOA and RE taxes are attached to the property. If the trustee sale is by the mortgage bank, then it is likely that at closing they will require you to pay the prorated portion of the HOA fees and the taxes.

I bought a foreclosed home once directly from a bank, not through a trustee auction sale, and all the taxes and HOA dues were prorated at closing, they're not part of the bid.

Ali, Community Manager
0 votes Thank Flag Link Wed Mar 27, 2013
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