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Adjustments At Closing
Question: We are selling our home and have prepaid our property taxes through June -- two months from now. How do we get this money back?
Answer: A sale agreement should contain a clause that deals with "adjustments." The prepaid property tax, for example, should be a credit to you at closing and a cost to the purchasers. Please review your sale agreement to see how this is handled.
Written by Peter G. Miller.
© 1997 Peter G. Miller. All Rights Reserved. Rules, Disclaimers & Notices.
Copyright © 2012 Realty Times. All Rights Reserved.
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