I am currently interested on a property that is $189k . It is Bank Owned, and its 2008 taxes are $14,000
I was approved for $200k and I want to do it through FHA. Now, this houses I want in Miami Shores, FL says seller considering rehab bids to make FHA OK!
Do I have a chance with this property if I want to do it through FHA or the taxes are way too high? Any way it can be negotiated so the bank lowers the taxes?
Please help me!
The most that the annual taxes should be is around $4-5K. It is possible that the assessed value is near $700K- in that case the taxes would be a bit more accurate. Is this a short-sale offering? If so, that could be the reason for the "low" asking price- I know that you say it is bank owned- I would do some research- ask your agent to do some investigating.
Mott Marvin Kornicki, Broker/Associate
Real Estate In Miami • http://www.SIBRealty.com
http://waterwayrealty.sef.mlxchange.com
$14,000 for a property worth $189,000???? No way! That can't possibly be correct! If you are interested in the house then first I would double check that tax info. Also, the bank has nothing to do with the taxes.
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