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Home Buying in Hacienda Village : Real Estate Advice

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Wed Jul 18, 2012
answered:
In May of 2013, the new, lower tax bill will come and your payment should go down at that time, significantly. You will also receive a refund from your escrow account due to overpayment of the artificially high taxes.

This is actually a benefit to the new homeowner due to the large proration at closing. As long as the borrower realized the higher payment will go down and the overpayment will come back to them, it is a win-win for the bororwer.
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