Re: $1800 back taxes due since 1997 !! - Posted by Karl (Oh)
Posted by Karl (Oh) on April 18, 2006 at 16:53:35:
There’s nothing unusual about this. The banks don’t typically escrow for taxes, so many times a repo will have a huge tax bill owed. Just build that into the price. Make your offer to Vanderbilt based on the total you’ll have to pay. Same with back lot rent.
I just bought a nice newer 16X80 for $500, because there was $4900 owed in back taxes. The total price was still a very good deal.
While the taxes usually aren’t negotiable, the lot rent often is. Especially if you’re buyer the home to leave in the park. And if you work a deal out with the park on lot rent, there’s no reason for the bank to know about it. Know what I mean?