Question by homer simpson: I refinanced my home. After closing, why didn’t the mortgage company pay my county tax bill?
I refinanced my home this year. Part of the closing costs included my bill for county taxes. A month later I received the tax bill. When I contacted the county about it, they said the mortgage company had yet to pay the bill. Will the mortgage company eventually pay the bill? (Possibly at the last possible moment before penalty). Or do they expect me to forward the bill to them? I don’t escrow my taxes and I usually pay early to receive a discount.
Best answer:
Answer by I Love IDOL
If you do not escrow your taxes then you will be responsible for all future tax bills.
The money you paid at closing may have paid to a certain day only.
Call your mortgage company and have them explain where the money went that they already have.
As for the new bills, if not escrowed then you will be paying them. Be on time.
Know better? Leave your own answer in the comments!
How do you expect us to know what the mortgage company might do?? Why don’t you ask THEM about it?? Seems like that would be the intelligent thing to do instead of wasting your time on Yahoo.
What did you just say? Receive the tax bill?? Heck! Why would some1 receive the tax bill anymore?!
Yes they most likely will if you follow up. But to protect yourself, you better pay those taxes yourself as soon as possible. The county can and will foreclose for default on taxes.