Wish you the best!
Sedat Celik, Realtor
No, you do not need to pay your taxes. Your lender should pick this up as part of the closing costs when you close. We are short sale specialists. Please call us directly to discuss your specific situation. Our services are FREE to homeowners. We look forward to hearing from you.
Eli Givoni, Director
Short Sale Department, LLC
Serving all 50 states
ANY OTHER QUESTIONS IF IT IS NOT A LEGAL ONE, YOU CAN GET IN TOUCH WITH ME.
WWE HAVE A SHORT SALE DEPARTMENT FULLY USED FOR SHORT SALES ONLY.
ANDREW MULLER , WEICHERT RE. WESTON. 305-343-1135
Short Sales can be complicated. Ideally if you can work out a new payment arrangement with your current lender and keep your home that would be ideal for your credit score. But there are times when people are upside down so far that they just can not justify hanging on.
If this is your primary home and you had paid your taxes by Dec. 30th of 2010, you may have been entitled to a tax deduction. For these types of reasons, you will want to discuss with your tax advisor.
In most cases I have run into, the homeowner just could not afford the rising mortgage payment or the taxes, so they let everything go. At about 3 missed payments the banks will start the forclosure proceedure. At this point if you can show the bank you have been activly trying to sell the home and you have a real offer with a qualified buyer, they may look at taking it in lieu of forclosing on you. (short sale) Please speak to a Lawyer about your obligations after the sale of your home. You may or may not still be obligated to pay the difference in the amount you owe vs what you sold it for. A Lawyer can look at your individual rights based on your situation and can protect your best interest. There are recently laws passed that might apply to you.
It is not expensive to get hepl with a short sale. A professional Realtor in your area can advise you.
Best Wishes to you and your family