|
| Posted By |
Message |
violet5
LIF Infant
Member since 7/11 54 total posts
Name:
|
how does this work?
we are in contract. the taxes jumped a crazy amount this year that makes no sense based on comps and the owner put in a grievance but i know it takes forever for grievances so i think we will close before anything happens with that.
will we end up paying for the grievance attorney she used? will she get some kind of back credit? can re refile ourselves if we arent happy with the adjustment? if the taxes change will we get back some of what we have in escrow?
|
Posted 4/12/12 9:36 AM  |
| |
|
Prudential Douglas Elliman Real Estate
Long Island's Largest Bridal Resource | Long Island Weddings |
caps612
In love with my little guys!!
Member since 8/10 5108 total posts
Name:
|
Re: how does this work?
IF the previous owner grieves them, you are not liable to pay the attorney, they are.
This happened to us... but we didn't know until a year after we bought the house.
ETA: the credit came against our taxes... then they excrowed a lower amount the next year and we ended up with a big deficiency the next year where we had to pay almost $200 extra a month. It was a mess. Just be prepared for something like that especially if you don't grieve them for the next year.
Message edited 4/12/2012 10:37:12 AM.
|
| Posted 4/12/12 10:35 AM |
| |
|
violet5
LIF Infant
Member since 7/11 54 total posts
Name:
|
Re: how does this work?
Posted by caps612
IF the previous owner grieves them, you are not liable to pay the attorney, they are.
This happened to us... but we didn't know until a year after we bought the house.
ETA: the credit came against our taxes... then they excrowed a lower amount the next year and we ended up with a big deficiency the next year where we had to pay almost $200 extra a month. It was a mess. Just be prepared for something like that especially if you don't grieve them for the next year.
what credit? how did you end up paying extra? I was hoping we would actually get money back, because we are putting into escrow the full amount of taxes as they are now even though we are pretty sure the taxes will be lowered. if we have 6 months in escrow and then the tax amount drops, shouldnt they give us back some of what we have in escrow because we would now have more than 6 months in escrow?
|
| Posted 4/12/12 11:34 AM |
| |
|
Potentially Related Topics:
Currently 313403 users on the LIFamilies.com Chat
|
