i have a 417K 1st and 100K 2nd. My realtor told me, we are looking at getting 417K on the short sale, but I still owe the 2nd of 100K. What happens to that debt? How will that affect me and my credit?
iHav.net - Your Uncensored Offtopic Community
If this is your first visit, please click the Sign Up now button to begin the process of creating your account so you can begin posting on our forums! The Sign Up process will only take up about a minute of two of your time.
|
|
|
Results 1 to 2 of 2
-
02-26-2008, 08:17 PM #1JJ443044Guest
if I short sale and still owe 100K, do I still owe property taxes?
-
02-26-2008, 08:17 PM #2KellyGuest
yes it will affect you and your credit but no you will not owe property taxes once you sell it, but they will put a judgment against you and will come after you for it.
Reply With QuoteSimilar Threads
-
Do property taxes have to be paid at time of sale?
By double R in forum MarketPlaceReplies: 4Last Post: 03-03-2009, 02:04 AM -
Buying a property as short sale - am I liable for property taxes in arrears ?
By DRocK in forum MarketPlaceReplies: 0Last Post: 11-05-2008, 04:03 AM -
Back property taxes and tax sale question.?
By thinkrecycle in forum MarketPlaceReplies: 0Last Post: 10-16-2008, 05:03 AM -
What do you think about a POV (point of sale) tax instead of income & property taxes?
By Zee B in forum MarketPlaceReplies: 0Last Post: 08-05-2008, 07:23 PM -
Who will really benefit if Florida lowers property taxes and raises sale taxes?
By martyhorn in forum MarketPlaceReplies: 0Last Post: 07-29-2008, 04:18 PM
Bookmarks