Posted by TRandle on January 07, 2001 at 18:22:24:
If the entire payment is escrowed, the mortgage company would at least become aware of the tax situation. Granted, they may not be curious enough to pursue, but with “potential” tax liens taking priority over their interest, they might?
How disabled is he? If he can drive, can you trade some of your mobile notes for a vehicle to give him in exchange for paying the taxes?
How is he going to be able to make payments?
If he declares BK, what impact will that have on your down payment?
Is the down large enough to subsidize his taxes for a while?
Are you in good enough with the original seller to approach the seller and redo this thing in a PacTrust so that everythings’s pretty much out in the open? That way he could get his tax exemption, couldn’t he?
Just some ideas to ponder…
We need to make ski arrangements soon. Later…