I have a house i want to shortsale. i owe 2 1/2 years worth of property tax. i called my lender and they are?

Question

willing to do a loan modification but its still too high. they also said they can wipe the prop tax. can that be done? what about when its on shortsale. if its still the process, am i still liable to pay for the prop tax i already owe? what about those weeks or months that is up for shortsale, i am still liable for prop taxes during those weeks and months? pls someone help! i feel like my lender is lying to me about wiping the prop tax. i'm so confused, scared, and not sure what to do!

Answer 1

The lender does not have the authority to wipe out the property tax.  Unless they are planning on paying it on your behalf, it is your obligation.  Depending on the terms written into your sales contract, you may be obligated for the taxes on the property.  I would contact a real estate lawyer, or if you cannot afford one, contact the legal aid society in your city.  It will be worth the cost as this is a complicated situation with many variables.

Good Luck and God Bless.