QUESTION
Are we responsible for paying the taxes if we just bought the house?
Asked on Jul 11th, 2013 on Taxation - Delaware
More details to this question:
We just bought a house through a real estate company. We closed in May of this year. Now we are told that we are responsible for last year's taxes. We thought that the seller was liable for those. We need help because we spent our retirement on the house and we don't have the money to pay the taxes. We weren't counting on this.
4 ANSWERS
The answer will depend on the written contract. Take the contract to an attorney who specializes in real estate matters for assistance.
Answered on Jul 18th, 2013 at 8:13 PM
Bankruptcy Attorney serving Florissant, MO
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Law Offices of Thomas Corcoran Phipps
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I would look at the closing papers. They should tell you who is responsible for what expenses.
Answered on Jul 17th, 2013 at 1:59 AM
Estate Planning Attorney serving Wilmington, DE
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Reger Rizzo & Darnall, LLP
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Normally you are responsible for taxes going forward from date you owned the property.
Answered on Jul 16th, 2013 at 12:48 AM
General Law Attorney serving Cherry Hill, NJ
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Mark S. Cherry, Attorney at Law, PC
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The real estate taxes should have been paid by the seller on the settlement sheet. Something is highly unusual. Get to an attorney and not the same one that represented you at the closing if you had one.
Answered on Jul 16th, 2013 at 12:48 AM