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Foreclosure in Elizabeth : Real Estate Advice

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  • Home Buying33
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Activity 2
Sat Feb 7, 2015
Shannon Thomas answered:
City inspector and home inspector is two different types with different purposes. City inspector is checking on code violations and habitability and is connected to City and County. Home inspector is checking on mechanical s, roof, windows, plumbing, hot and cold water, wiring, guttering, outside grading of land away from home, crawl space, attic and has to do with informing you on the condition of the property and what to expect with repairs in the near and far future. Both have their place. Here in Indiana you pay upfront for your home inspection but if your Realtor writes it in thecontracts seller paid closing costs, you can be credited back for it at closing. You need to bring all this up with your Real Estate Agent and let them explain to you. ... more
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Sat Feb 7, 2015
Shannon Thomas answered:
If you are working with a Realtor they can furnish that information. If not contact your county Tax assessor and they will let you know. If your purchasing a property from a regular seller owned property, bank owned etc and dealing with a Realtor here in Indiana the contracts have an area that can be marked all property taxes past or present will be paid up to the day of closing. Bank owned properties have in their contract usually that all taxes past or present will be paid up to the date of closing also. That means you will be credited on your settlement statement for that amount. Here in Indiana we pay our taxes 1 year in arrears. So if you have pay your spring tax in 2015 your actually paying for spring of 2014. The credit on your settlement statement at closing can be quite a bit of funds. All states are different though ours just happens to be 1 of three states in the country that is always 1 year behind. ... more
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