Sohail A. Salahuddin | Broker Associate | Visionary
Innovative Property Consultants Team | Sales and Leasing
Jameson Sothebyâ€™s International Realty
425 W. North Ave. | Chicago, IL 60610 â€¨
O: 312.335.3230 | C: 312.437.7799 | F: 847.805.6030
"Locally Known, Globally Recognized"
The way to get this done is to have the title company withhold an amount in escrow for taxes upon the condition that the seller fills out the appropriate paperwork with the county next year to keep the senior freeze in place.
Once the paperwork is filled out and the senior freeze is in place for another year, then the title company releases the escrow back to the seller.
The buyer is protected from an early tax bump and the seller doesn't have to pay any more than they need to.
If you need the number of a VERY good attorney, let me know.
Senior Mortgage Consultant
I think you are only talking about $3-500 difference, but ask your attorney. How much hardball are you willing to play? Any other issues being negotiated or is this it??