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How property taxes are handled at closing

How property taxes are handled at closing

Property taxes are paid the year after they accrue. This means the first time you (or your mortgage company) pay your property taxes, the previous owner will owe a portion of the bill. To account for this, the buyer will see a credit for taxes owed by the seller on...

Understanding the Title Commitment

Title Insurance is an essential piece of any real estate transaction; however, it can also be somewhat complicated and potentially difficult to understand. Here, we’ll offer a brief overview of the Title Commitment, we’ll specify the roles and responsibilities as they...