Even if you filed your taxes today the IRS wonâ€™t have the return in the system in time for the transcripts to get back to the lender in time to close the loan
NMLS # 6395
Financing Kentucky One Home at a Time.
It really depends on whether or not your lender uncovers the mishap. If you are still behind on taxes for 2012 I woudl keep those fingers crossed tightly. I have had many lenders overlook or never uncover these things. When is your estimated closing. If you make it through underwritting you'll be good to go.
Keller Williams Realty
3xUS Army Veteran
I'm a little confused. ARe u asking if you should file for a reduction on the taxes on a new home purchase. If this is the question, then I have to tell u that u missed the boat as the deadline date was 4/1/2012. U can file in 2013, but that doesn't help your current loan situation.
If am correct in perceiving that a property tax appeal is what u seek, let me know as I've been working on same for the past year. In fact, over 100 homes in my devellopmenmt jumped on board with a project I spearheaded and we expect a $1000 to $1500k redution in the coming year
Francesca Patrizio, Broker Sales Associate, ePro, SRES
First Alliance Home Mortgage
FHA loans can take time.
You can set up a re-payment plan with IRS before April 17, and start paying a certain amount per month, trying to hold on to your cash till you close. IRS charges interest rate though, around 7% or so...hopefully you can push your loan officer to close quicker...
Irina Karan, CDPE
Beachfront Realty, Inc.