we are in the process of purchasing a bank owned forclosed home in LWW,ca, is the buyer responsible for this substantial delinquent tax bill?

Asked by New Home Buyer Lww, 95946 Sat Sep 25, 2010

Help the community by answering this question:

+ web reference
Web reference:


Janet Berrym…, Agent, Penn Valley, CA
Fri Oct 11, 2013
The delinquent taxes should be paid by the seller, ie: the bank, in escrow. The title co should send the proceeds from the sale to the tax collector. Ask your real estate agent to call the title co, or do it yourself, to make sure this is being done.
0 votes
Miekeba Jones, Agent, Silver Spring, MD
Fri Jan 11, 2013
Hi NewHomeBuyerLww. No, the buyer is not responsible for the seller's back taxes.
0 votes
Diane Spooner, Agent, Penn Valley, CA
Fri Jan 11, 2013
Welcome to LWW - Hope your purchase finalizes soon and you can enjoy the benefits of this wonderful community. I have been here since 1978 and love every minute of living here. Seems like your questions has been answered so good luck with your close.

0 votes
Bruce Frager, Agent, Roseville, CA
Thu Sep 30, 2010
Hello, Back taxes for bank owned properties are paid by the bank, before you take title to the property.


0 votes
Katy Orellana, , 95603
Sun Sep 26, 2010
No...you are not responsible for any bills or costs accumulated prior to your ownership of the property. The Title Company will be certain that all taxes, HOA Dues, etc. are prorated to the Close of Escrow. And, welcome to Lake Wildwood! I have lived here since 1993 and I love it!
0 votes
Desari Jabbar, Agent, Stone Mountain, GA
Sun Sep 26, 2010
You are not responsible for any delinquent tax bills, utility bills, or HOA fees before the act of sale. This will be paid by the seller.

Best of luck to you!
Web Reference:  http://www.DesariJabbar.com
0 votes
Terry Bell, Agent, Santa Rosa, CA
Sat Sep 25, 2010
Also, your agent will be providing you with an Estimated Closing Costs statement from the title company so you will not have any surprises when you go to sign the papers at the title co.
Terry Bell, Realtor, CPS Real Estate, Sonoma County Wine Country, Santa Rosa, CA
0 votes
Heba Rayan, Agent, Danville, CA
Sat Sep 25, 2010
Seller pays for the taxes, if it is bank owned, then bank pays it.
0 votes
Search Advice
Ask our community a question

Email me when…

Learn more