QUESTION
I am selling my house, I have not paid my mortgage in over a year. I received pay off statement with amounts owed, escrow, interest, H.O. Ins taxes
Asked on Jul 05th, 2013 on Real Estate - New York
More details to this question:
Taxes paid (all thought my mortgage co ) I will be closing the end of July , however my taxes have been paid to the end of the year. I feel I am entitled to a refund from the mortgage co. -I am receiving conflicting information. Please advise. Thank you
1 ANSWER
1 Award
It depends if this is a short sale or not. In a short sale, you will not get back a refund. In a regular closing, you will get a refund from the buyer if the taxes were paid to the town. If just in escrow, you will get a refund of any escrow surplus once the bank takes its payoff.
Answered on Jul 06th, 2013 at 10:35 AM