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Updated over 5 years ago on . Most recent reply

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66
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7
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Arthur C.
  • Flipper/Rehabber
  • Washington, DC
7
Votes |
66
Posts

Washington DC Utilities Unpaid by Former Owner

Arthur C.
  • Flipper/Rehabber
  • Washington, DC
Posted

Hey Guys,

I am getting close to the settlement day acquiring a foreclosed property and something came up in my mind about unpaid utilities at a foreclosed property.

Does anyone know if the utilities happen to remain unpaid by former owner at a foreclosed property will put liability on a new owner in Washington DC? From my understanding, there is usually a water escrow at the time of settlement but not sure about Pepco electricity and Washington Gas?

I would appreciate any comments here. Thank you.

AC

Most Popular Reply

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39
Posts
15
Votes
Matt Medvene
  • Developer
  • Washington, D.C.
15
Votes |
39
Posts
Matt Medvene
  • Developer
  • Washington, D.C.
Replied

I can confirm that as well- I've had properties that I know the previous owner was behind on Gas and Electric bills but we only needed to escrow for the water lien which was taken care of at closing. The others are applied to the individual and collections will go after that person rather than the property.

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