Problem with REO Property Tax Bill
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You closed on an REO property and now received a defaulted property tax bill in the mail, what to do?
When you close escrow, the title company should have checked on all the taxes due, obligations, etc. for the seller (the lender in this case) to pay off before the lender was to close on the property. There should not be an unpaid property tax bill on the house from the previous owner. Check with title and make sure they did it right and they should be able to resolve the issue for you. Make sure your agent is also aware of this and have them do the leg work, if necessary to get to the bottom of it.


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