All Forum Posts by: Sriram Akkati
Sriram Akkati has started 1 posts and replied 3 times.
Post: Title Company Mistake - incorrect property tax amount
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@Pam Brown
The contract says it’s prorated taxes between Sellor and buyer based on purchase date. Its monument title insurance company.. at least I mention the name here .. so that anyone who goes through this title company in future should be aware of this.
Post: Title Company Mistake - incorrect property tax amount
- Posts 3
- Votes 0
@Chris Seveney
The contract says it’s prorated to pay by Sellor till the purchase. I don’t have title insurance.
Post: Title Company Mistake - incorrect property tax amount
- Posts 3
- Votes 0
Hi All,
Can anyone advise me? I really appreciate help here.
I bought a property in Indiana, Marion County on 3/9/2022 through a wholesaler, it was a cash deal.
At the time of closing, the title company generated the online tax statement from the county office and paid outstanding tax dues ($74 – special assessment for sewer code violation by the previous owner) towards the final closing.
As per the county office, tax assessment happened on 3rd week of march-2022. So title company missed in calculating the correct tax (2021 payable 2022) credits in the final closing statement.
Now I owe tax dues of ~$4500 (2021 payable 2022) to the county. Does anyone have this kind of experience in Indiana? Can anyone advise me the next steps? Can take legal help here? pls advise.
-Sri