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upwardspiral.
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July 19, 2011 at 8:27 PM #712006July 19, 2011 at 8:41 PM #710806
ocrenter
Participant[quote=kcal09]Notice of Default was recorded on 7/11/11. Default amount is $87k.
Purchase amount was indeed $1.5 million, I would estimate that the owner put in another $150-200k in upgrades and landscaping.[/quote]Looks like the house has been on the market for a whole year, presumed contingent most of the time. The buyer probably found something else and dropped them like a bad habit.
I do believe the buyer will likely have to end up paying the unpaid property tax.
July 19, 2011 at 8:41 PM #710902Participant[quote=kcal09]Notice of Default was recorded on 7/11/11. Default amount is $87k.
Purchase amount was indeed $1.5 million, I would estimate that the owner put in another $150-200k in upgrades and landscaping.[/quote]Looks like the house has been on the market for a whole year, presumed contingent most of the time. The buyer probably found something else and dropped them like a bad habit.
I do believe the buyer will likely have to end up paying the unpaid property tax.
July 19, 2011 at 8:41 PM #711498Participant[quote=kcal09]Notice of Default was recorded on 7/11/11. Default amount is $87k.
Purchase amount was indeed $1.5 million, I would estimate that the owner put in another $150-200k in upgrades and landscaping.[/quote]Looks like the house has been on the market for a whole year, presumed contingent most of the time. The buyer probably found something else and dropped them like a bad habit.
I do believe the buyer will likely have to end up paying the unpaid property tax.
July 19, 2011 at 8:41 PM #711652Participant[quote=kcal09]Notice of Default was recorded on 7/11/11. Default amount is $87k.
Purchase amount was indeed $1.5 million, I would estimate that the owner put in another $150-200k in upgrades and landscaping.[/quote]Looks like the house has been on the market for a whole year, presumed contingent most of the time. The buyer probably found something else and dropped them like a bad habit.
I do believe the buyer will likely have to end up paying the unpaid property tax.
July 19, 2011 at 8:41 PM #712011Participant[quote=kcal09]Notice of Default was recorded on 7/11/11. Default amount is $87k.
Purchase amount was indeed $1.5 million, I would estimate that the owner put in another $150-200k in upgrades and landscaping.[/quote]Looks like the house has been on the market for a whole year, presumed contingent most of the time. The buyer probably found something else and dropped them like a bad habit.
I do believe the buyer will likely have to end up paying the unpaid property tax.
July 19, 2011 at 8:53 PM #710796familyguy
ParticipantIn the case of buying a house, (short sale or otherwise)that has unpaid property taxes, does the new buyer have to pay the back taxes? Probably a rookie question, but I don’t know?
If they haven’t paid in a couple of years I would assume there’s at least a 40k balance due to the state.
July 19, 2011 at 8:53 PM #710892ParticipantIn the case of buying a house, (short sale or otherwise)that has unpaid property taxes, does the new buyer have to pay the back taxes? Probably a rookie question, but I don’t know?
If they haven’t paid in a couple of years I would assume there’s at least a 40k balance due to the state.
July 19, 2011 at 8:53 PM #711489ParticipantIn the case of buying a house, (short sale or otherwise)that has unpaid property taxes, does the new buyer have to pay the back taxes? Probably a rookie question, but I don’t know?
If they haven’t paid in a couple of years I would assume there’s at least a 40k balance due to the state.
July 19, 2011 at 8:53 PM #711642ParticipantIn the case of buying a house, (short sale or otherwise)that has unpaid property taxes, does the new buyer have to pay the back taxes? Probably a rookie question, but I don’t know?
If they haven’t paid in a couple of years I would assume there’s at least a 40k balance due to the state.
July 19, 2011 at 8:53 PM #712001ParticipantIn the case of buying a house, (short sale or otherwise)that has unpaid property taxes, does the new buyer have to pay the back taxes? Probably a rookie question, but I don’t know?
If they haven’t paid in a couple of years I would assume there’s at least a 40k balance due to the state.
July 20, 2011 at 11:11 AM #711056bearishgurl
Participant[quote=ocrenter] . . . I do believe the buyer will likely have to end up paying the unpaid property tax.[/quote]
And that tax will include exorbitant (unpaid) Mello-Roos.
July 20, 2011 at 11:11 AM #711153Participant[quote=ocrenter] . . . I do believe the buyer will likely have to end up paying the unpaid property tax.[/quote]
And that tax will include exorbitant (unpaid) Mello-Roos.
July 20, 2011 at 11:11 AM #711748Participant[quote=ocrenter] . . . I do believe the buyer will likely have to end up paying the unpaid property tax.[/quote]
And that tax will include exorbitant (unpaid) Mello-Roos.
July 20, 2011 at 11:11 AM #711902Participant[quote=ocrenter] . . . I do believe the buyer will likely have to end up paying the unpaid property tax.[/quote]
And that tax will include exorbitant (unpaid) Mello-Roos.
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