short sell question – overdue property tax and HOA fees

[newcomer]

I have a very general question on short sell, here is the scenario: seller is in pre-foreclosure stage (NOD), stops paying any property related bills and enjoys 180-days free rental. Lenders (first and second) approve the short sell at a negotiated price, while seller is ready to walk away anytime. Who will be responsible for the overdue property tax and HOA fees which keep increasing day by day?

[SD Realtor]

When the seller receives and accepts an offer, the listing agent will get escrow to send in an estimated HUD statement with the offer to the lender. That estimated HUD will also include all the outstanding liens including any back taxes and other liens like HOA.

The short sale lender will analyze the package and will respond to what they will pay for and what they will not pay for.

**********

I have seen them pay tax defaults. I have seen them balk on other defaults and ask the buyer to cure them.

**********

sdrealtor and others have seen cases where some lenders do keep property taxes current.

[SD Realtor]

When the seller receives and accepts an offer, the listing agent will get escrow to send in an estimated HUD statement with the offer to the lender. That estimated HUD will also include all the outstanding liens including any back taxes and other liens like HOA.

The short sale lender will analyze the package and will respond to what they will pay for and what they will not pay for.

**********

I have seen them pay tax defaults. I have seen them balk on other defaults and ask the buyer to cure them.

**********

sdrealtor and others have seen cases where some lenders do keep property taxes current.

[SD Realtor]

When the seller receives and accepts an offer, the listing agent will get escrow to send in an estimated HUD statement with the offer to the lender. That estimated HUD will also include all the outstanding liens including any back taxes and other liens like HOA.

The short sale lender will analyze the package and will respond to what they will pay for and what they will not pay for.

**********

I have seen them pay tax defaults. I have seen them balk on other defaults and ask the buyer to cure them.

**********

sdrealtor and others have seen cases where some lenders do keep property taxes current.

[SD Realtor]

When the seller receives and accepts an offer, the listing agent will get escrow to send in an estimated HUD statement with the offer to the lender. That estimated HUD will also include all the outstanding liens including any back taxes and other liens like HOA.

The short sale lender will analyze the package and will respond to what they will pay for and what they will not pay for.

**********

I have seen them pay tax defaults. I have seen them balk on other defaults and ask the buyer to cure them.

**********

sdrealtor and others have seen cases where some lenders do keep property taxes current.

[SD Realtor]

When the seller receives and accepts an offer, the listing agent will get escrow to send in an estimated HUD statement with the offer to the lender. That estimated HUD will also include all the outstanding liens including any back taxes and other liens like HOA.

The short sale lender will analyze the package and will respond to what they will pay for and what they will not pay for.

**********

I have seen them pay tax defaults. I have seen them balk on other defaults and ask the buyer to cure them.

**********

sdrealtor and others have seen cases where some lenders do keep property taxes current.

[sdrealtor]

They will typically pay the taxes but not HOA liens. There are a few that will allow back HOA dues but thats the exception. Those usually have to be paid by seller, buyer, agents etc.

[sdrealtor]

They will typically pay the taxes but not HOA liens. There are a few that will allow back HOA dues but thats the exception. Those usually have to be paid by seller, buyer, agents etc.

[sdrealtor]

They will typically pay the taxes but not HOA liens. There are a few that will allow back HOA dues but thats the exception. Those usually have to be paid by seller, buyer, agents etc.

[sdrealtor]

They will typically pay the taxes but not HOA liens. There are a few that will allow back HOA dues but thats the exception. Those usually have to be paid by seller, buyer, agents etc.

[sdrealtor]

They will typically pay the taxes but not HOA liens. There are a few that will allow back HOA dues but thats the exception. Those usually have to be paid by seller, buyer, agents etc.

[Author]

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