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Home Buying in 89102 : Real Estate Advice

  • All18
  • Local Info0
  • Home Buying15
  • Home Selling0
  • Market Conditions1

Activity 15
Fri Mar 3, 2017
Reneepearson5 answered:
Hi I just got into a home that was a foreclose house and I was wondering do I pay the taxes if I am not the owner...and do the owner have to still pay on the taxes
0 votes 11 answers Share Flag
Wed Feb 8, 2017
Ladan Asadi answered:
The current transfer fee is $5.10 per every $1000. I am a Realtor In Nevada.
0 votes 6 answers Share Flag
Fri Mar 6, 2015
Team Tiffee answered:
Back taxes need to be paid for title to be conveyed to the new buyer. Liens and clouded title can normally be resolved and are almost always negotiated. A licensed local Agent can assist you and help you to present a strong offer when there is a clouded title.

Please feel free to contact me should you have any further questions or if you are looking for an agent with experience, honesty, and exceptional negotiation skills.

Craig Tiffee
Real Estate Masters, LLC
(702) 785-8240
... more
0 votes 5 answers Share Flag
Sat Feb 15, 2014
Mike Parish answered:
Your question requires further clarification. "Who pays past due property taxes on house foreclosed on for the taxes?" Did you purchase a home "subject to"? Meaning, did you purchase a home at the "court house steps" (or other venue used for purchasing foreclosures)? Are you a former property owner who lost their property at a foreclosure sale?

Your comment, "Bank wont let us stop auto withdraw for mortgage until taxes paid" indicates (to me) that you are the former owner of the property. If that is NOT the case, I have no idea why there would be an auto-withdrawal from your bank account.

In either event, the way to eliminate "auto-withdrawal" is to either consult with your banking representative as to whether or not you can terminate an "auto-withdrawal" (many will not allow you to do such) or simply cancel your banking relationship (entirely) with your bank and move your business to another bank which will likely act in the same manner in the future if you should find yourself yet again in the same position.

How do I know this? I've BEEN in your position and I am a real estate expert (of more than 20 years) having once owned and operated an investment bank. Unfortunately, "regulations" and "procedures" seldom depart from one another while they consistently conflict with one another.

If I've failed to answer your question; or, otherwise misunderstood what you're seeking to answer, please further clarify EXACTLY what you're experiencing and I (or another here) will attempt to direct you further.
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0 votes 4 answers Share Flag
Thu Sep 5, 2013
dancebula answered:
Property tax foreclosure.
0 votes 5 answers Share Flag
Thu Dec 13, 2012
As long as you have a middle credit score of 580 or higher you can purchase with 3.5% down. You sound like a good candidate to purchase a home. You should get an agent though to help you purchase a home that are bank owned. Right now there is a shortage but the market should get more properties within the next couple months. If you contact me I can answer any questiosn you have and help you get pre-approved. The seller pays the agent and you really need someone pn your side. there are many great agetns on this site and if you need a referrla I have some great AAgents I work with. I strictly do the mortgage side.
Michael Diaz
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1 vote 10 answers Share Flag
Wed Dec 12, 2012
This is not legal advice. Just from a mortgage guys point of view and someone who has been through the process, the taxes will follow the property so if you are letting the home go into foreclosure and releasing it would follow the property. If you are on the note still I would call the mortgage company and get a free consulting. Usually you have investors that buy delinquent taxes and they can go unpaid for at least two years before that person can foreclose. Just sayin. ... more
0 votes 3 answers Share Flag
Wed Nov 14, 2012
Mark Fleysher answered:
It's definitely recommended to consult with your attorney / CPA, as nobody here can provide you with a legal answer to this question.
0 votes 7 answers Share Flag
Sat Nov 10, 2012
Myra Gouger answered:
Your mother is responsible for property taxes until the home is sold at auction. At that time, usually the unpaid taxes become part of the new owner's closing costs. If the taxes are not paid when the new owner closes, they don't get a clear title and there would be a lien placed against the new property owner for the taxes. Sorry you couldn't sell the home. Why didn't you try a short sale many months ago before it got to this auction deadline? ... more
0 votes 1 answer Share Flag
Fri Mar 9, 2012
Heidi Mayer answered:
1319....shorter: -)

Heidi Mayer
Keller Williams Realty Southern NV
0 votes 6 answers Share Flag
Wed Oct 26, 2011
Robert Peddicord answered:
That is definitely a question for your attorney. But, consider the interests at work here. In order for the lender (who is auctioning off your property), to recover “some,†of their money; the title (or ownership of the auctioned property), will have to transfer to the new owner who is buying the property. And, before that can happen the taxes will have to be paid. If you don’t pay the taxes it is likely the bank will pay the taxes themselves. The potential for the bank to recover 10’s of thousands of dollars through the auction is more compelling to them than to save the $2800 by not paying your tax bill. It is possible the bank may try to pursue “you,” for your tax bill that they had to pay, but here again; that is where counsel from your attorney needs to come in to offer you some guidance as to what liabilities you may run into depending on the choices you make. ... more
0 votes 5 answers Share Flag
Tue Dec 21, 2010
Renee Burrows answered:
You should probably speak with a lawyer on this one. Had a client buy a house last spring that was recorded wrong (in size) and we consulted with a lawyer to find out if he was responsible for all the back taxes (since the 90s). Lawyer said it is a gray area definitely.

Getting your HUD-1 from the sale and asking the title company why it wasn't squared away would be a good start.
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0 votes 4 answers Share Flag
Sat Jan 2, 2010
Roberta LaRocca answered:
Hi Van,

Not knowing what you agreed to with those "all sorts of papers" you signed, makes it impossible for anyone not familiar with the details to say what was right or wrong.

In my own experiences with the loan officers I've worked with, buyers will pay for the appraisals, but loans are typically approved before an appraisal, and fees usually less than what you've quoted here. It can be possible that a buyer's circumstances could arise before closing that could prevent a loan from being funded. Taking out a car loan or other credit purchases, or banking account discrepancies would be some examples. It's the same as a property not appraising for loan value, and that will cancel a deal and the buyer still responsible to pay appraisal fees. Those are often contingencies found in your contracts.

Again, that doesn't mean this is what applies in your specific situation. It only shows a good reason why you should always have a clear understanding before signing any agreements / contracts.

If you want to file a complaint, you would do so though the Nevada Business and Industry

7220 Bermuda Rd., Suite A., Las Vegas, NV 89119
Phone (702) 486-0780 Fax (702) 486-0785

They have an online consumer complaint form. You can type in your information, but it must be printed and mailed as it won't save as a digital document, or automatically file electronically.

Hope that helps, and good luck.

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0 votes 2 answers Share Flag
Sat Feb 28, 2009
Damon Botticelli answered:
Many factors go into the decision, and some depend on the bank holding the property. Being an owner occupant for example will hold more weight than an investor in some cases, but not all. Cash does make a difference too. When there are multiple offers, it's not uncommon for the bank to choose the cash offer even if it's slightly less than the offer contingent on financing. ... more
0 votes 3 answers Share Flag
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