Past Due Property Tax

**dankreboot** · 05-09-2008, 11:01 AM

I'm about to purchase a house that has been foreclosed. There are past-due property tax from last year that have not yet been paid. My agent assures me that it is California State law that the seller shall pay all property taxes due prior to transfer of title. I just wonder if anybody can confirm that this is State Law and I shouldn't be concerned at all!!

Thanks,
Dank

**jamesww** · 05-09-2008, 01:47 PM

Originally Posted by dankreboot

I'm about to purchase a house that has been foreclosed. There are past-due property tax from last year that have not yet been paid. My agent assures me that it is California State law that the seller shall pay all property taxes due prior to transfer of title. I just wonder if anybody can confirm that this is State Law and I shouldn't be concerned at all!!

Thanks,
Dank

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You need to be careful here and make sure the tax lien is cleared before signing at closing. Otherwise I wouldnt be to concerned about the situation. Just pay attention to what you are signing at closing. It is the norm that if a property is foreclosed on any funds are applied to taxes first then to the next lean holder usually the lender with the first mortgage on the property. So, this being the case it is the expectation that the information that your agent is giving you will be correct. But, dont get caught not paying attention read everything that you sign at closing. Good luck with your purchase.

**portland real estate** · 05-09-2008, 10:38 PM

not sure about the law, but i would check with the escrow company and confirm that ALL property taxes will be paid at closing. they should be able to provide you with confirmation of this.