Posted by William Bronchick on March 29, 2000 at 13:48:00:
If your underlying loan escrows for taxes and insurance, just collect the same amount from the buyer. Otherwise, I would get the taxe and insurance notices sent to you, then you send a copy to the buyer.
When selling on a land contract… - Posted by John
Posted by John on March 29, 2000 at 13:41:26:
should I collect 1/12 RE taxes & insurance from my buyer rather than ???HOPE??? the buyer will pay all the taxes and renew the home owners insurance when due? Thanks!