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QUESTION ABOUT PAYING FULL PRICE OF HOME???

OK THIS IS MY FIRST TIME BUYING A HOME, AND I'M THINKING ABOUT BUYING THE DEAN GARDENS ESTATE IN ATLANTA. THE PRICE FOR THE ESTATE IS $13,900,000.00. AND I WANTED TO BUY IT STRAIGHT OUT.WILL I STILL HAVE TO PAY THE MORTGAGE ON IT???AND HOW DO I GO ABOUT WITH THE PROPERTY TAXES

Realgeni's picture
Realgeni | Joined: April 13, 2009 08:03 pm | Posts: 0 | Location: New Jersey | 00 Dollars($)

mixxed_barbie07

Ifyou pay full cahs, you will not have any mortgage

You will need to pay Property taxes and check with county acessor about the taxes

Good luck and feel free to ask

Like | Dislike | Share | Posted: Fri, 02/05/2016 - 02:07 | Post subject:

savior70's picture
savior70 | Joined: March 25, 2009 05:14 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

To barbie,

If you buy the property paying the full price in cash, you are unlikely to pay for the mortgage on it. But you should check if the amount you're paying is enough to pay off the mortgage i.e. if there will be any deficiency due to the mortgage. You should get it in writing that the mortgage will be paid off by the seller. Otherwise, if the mortgage is left unpaid the property could be foreclosed by the lender. As far as the property taxes are concerned, once you become the owner of the property you'll have to pay the taxes. But you should check if there are any back taxes on the property and if the seller will pay for it or you have to pay them off.

Like | Dislike | Share | Posted: Fri, 02/05/2016 - 02:07 | Post subject:

litisham's picture
litisham | Joined: June 23, 2009 10:29 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

i think plan properly so that you will get benefit of taxrebet

Like | Dislike | Share | Posted: Fri, 02/05/2016 - 02:07 | Post subject:

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