Private Lending & Conventional Mortgage Advice

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John Chapman
  • Flipper/Rehabber
  • Central Jersey
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Pre paid taxes on a refinance question.

John Chapman
  • Flipper/Rehabber
  • Central Jersey
Posted Jul 28 2019, 12:21

Hey guys. I just signed the papers on a mortgage refinance and in the prepaid column it has 3 months of taxes and in closing costs it has 2 months taxes which will go into My escrow account. The notary that did the closing said to check with my old lender if they paid next quarters taxes already and they did in fact pay them 2 days ago. I printed the page that shows it. Does this mean the 3 months prepaid on the refinance will pay the town the same quarters taxes again ? The notary said I should get proof that they’ve been paid and demand they remove it from the cash to close amount before I wire the money or blow the deal up. Thoughts ? 

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