Skip to main content

Title company refunded RE tax, months after closing.

Not sure what to do here. Sold a house and closed the end of Q2. Very easy transaction, nothing out of the ordinary.

On the closing sheet we had a refund of about $400 for pre-paid real estate taxes to the town for the current quarter (Q2). All other taxes were paid and up to date. At closing, the buyers pre-paid about $2501.23 in property taxes for Q3, although the actual taxes owed for Q3 is $2,581.19. (numbers have been changed)

About 3 months after closing, we get a check from the title company for $2,581.19. The exact amount of the taxes for the quarter we did not own the house (Q3).

I can assume they meant to send the pre-paid taxes to the township and not the seller? But that's a pretty big error to make. The check even says "Q3 propery tax refund". We didn't own the house in Q3. And when I go to the township tax assessor site, it shows Q3 taxes as paid ($2,581.19).

I got the check a few weeks ago waiting for them to realize their error and ask for the check back, but I haven't heard from them yet. I have not deposited it yet.

Would you:

  1. Deposit it and not look back ("Bank error in your favor")

  2. Inform them of their error

  3. Keep waiting

submitted by /u/EV-CPO
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/1woe6dp/title_company_refunded_re_tax_months_after_closing/
Labels:

Comments

Post a Comment

Popular posts from this blog

North Carolina – “One to Buy; Two to Sell”

I realize I will likely have to contact a real estate attorney but also hoping to hear insights and experiences from others! I have a house in NC that I bought by myself in 2009, and paid off, in full, in 2022. I got married in 2023. My spouse and I have not lived in the house as our "marital residence". We have maintained separate residences even after we got married. (That a separate topic!). I am now selling this house. Realtors have told us that my husband has to sign the deed at time of transfer but I am not convinced since the house has not been our marital residence. The realtors like to use the phrase "one to buy; two to sell", which seems like a broad-stroke statement which is not applicable under all circumstances. And of course, the realtors don’t realize the details of my specific circumstances: I purchased and paid for the house in full prior to marriage Only my name is on the deed And most importantly, we have never lived in the house as a marit...
Post a Comment
Read more

Looking for Prospective Opportunities to Utilize Floor Plan Redraw Skills

"Hey HomeOwners & Investors , I have a team of 10 professionals who are trained in redrawing/redesign floor plans in both 2D and 3D interior& exterior using floorplanner.com/3ds Max and TruView point cloud. We're looking for prospective opportunities to utilize our skills. Are there any companies or individuals in need of accurate floor plans and measurement reports ? Any suggestions for where to start looking? Thanks in advance for your help!" submitted by /u/mangojuicelife [link] [comments] source https://www.reddit.com/r/RealEstate/comments/119uoh0/looking_for_prospective_opportunities_to_utilize/
Post a Comment
Read more

Question With Tricon "Pending ID".....

My wife and i, along with 2 other peopl applied to rent a house, and our application says "Approved, Pending ID". Anyone else know what that means? Do we pretty much have the place or are we missing something? submitted by /u/Itskrueger [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1orixqj/question_with_tricon_pending_id/
Post a Comment
Read more