Posted on: 10th Feb, 2009 04:47 pm
If there are unpaid R.E and School taxes at time of deed in lieu do I have to pay them?...I have not paid my mortgage for 7 mths, I am trying to do a short sale, not very successful, so am considering deed in lieu of foreclosure.I owe real estate taxes and school taxes, how is that handled. Do I need a lawyer to do deed in lieu of. I live in New York State, Nassau County.
Hi Marie,
If there are unpaid real estate and school taxes, they should be paid off before you go for a deed in lieu foreclosure.
You don't need a lawyer for deed in lieu. You can negotiate with the lender yourself and hand over your property via deed in lieu.
Take care
If there are unpaid real estate and school taxes, they should be paid off before you go for a deed in lieu foreclosure.
You don't need a lawyer for deed in lieu. You can negotiate with the lender yourself and hand over your property via deed in lieu.
Take care