Just a little helpful title tip...
The local taxing authorities have begun sending out the 2011 property tax bills. When closing a deal involving a loan on the property, the lender making the new loan will require all property taxes to be collected and paid at the time of closing.
Typically these taxes can be paid one of two ways:
Paid receipts from the property tax office, escrow account disbursement statements or letters from the existing lender confirming the payment of taxes from the escrow account will not be adequate proof of payment. We must have a Tax Certificate which indicates that taxes have been "Paid" prior to closing.
We know that this can be a very confusing issue. Please feel free to contact us with any questions you may have.
Temple 773-7750 Salado 947-8480 Harker Heights 699-1102