Skip to main content

When the bank accepts a short sale and we close, what happens to the taxes that were owed?

Florida |

I owed $ 300,00.00 and the bank accepted $ 65,000.00 at the closing, do I end up down the road paying the difference. They said no but I don't know if this will end up in a boiler room filled with laywers hired by the bank to go after all there short sales?

Attorney Answers 1


You are liable for the property taxes that accrued while you own the property. However, the taxes remain a lien on the property even after the sale if not satisfied. The new owner takes the property subject to the taxes due.

Mark as helpful

1 found this helpful

Real estate topics

Top tips from attorneys

What others are asking

Can't find what you're looking for?

Post a free question on our public forum.

Ask a Question

- or -

Search for lawyers by reviews and ratings.

Find a Lawyer

Browse all legal topics