Legal Question in Real Estate Law in Illinois

Real estate taxes

If you buy a house in June of 1999 and 1998 real estate taxes are due and the seller did not put enough money in the sale for the taxes because they were higher than the previous year who is responsible for the remainder of the payment?


Asked on 9/02/99, 3:29 pm

1 Answer from Attorneys
Charles Dobra Charles Wm. Dobra, Ltd.

Re: Real estate taxes

You are. Which is why experienced real estate practitioners always suggest to clients that taxes be prorated at 105% or 110%. I suppose you were unrepresented?

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Answered on 9/08/99, 11:58 pm


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