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Deed Transferred Sub-To: Just received Tax Bill. Is this normal?
Hi folks,
I've searched the forums but cant find the answer to this question: I bought a rehab Sub-to and we closed on July 9th 2015. The mortgage is current and the taxes have historically been paid by the mortgage company every year on September 1st. However, I received a property tax bill from the county today, billed to my LLC which owns the home, for the full amount of the taxes, due on or before September 1st, 2015.
I am assuming the mortgage company will still pay the tax bill and I just received this bill as standard procedure from the county simply making me aware of the bill?
Thanks in advance for your input.
J. Scott Lee