Real Estate Law
Have Real Estate Law Questions? Ask a Real Estate Lawyer.
I am Loren, an Illinois licensed attorney for over 30 yrs. Thank you for your patience as I review the question. I will post my response shortly.
Does the contract contain a provision for the proration of real estate taxes?
There should be a provision with a heading for "Real Estate Taxes" or "Prorations"
I attempted to accept your phone call request and received the following message:
"Payment for this service failed, please do not fulfill yet. We will attempt to reach this customer to fix the situation."
If you can resolve the problem (it is usually just a matter of confirming with your bank or credit card that the charge is authorized) I look forward to speaking with you.
Otherwise, I am happy to continue online with you.
Still getting error message. You may need to confirm with the bank that the charge is authorized.
Are you still online with me?
I suspect the bank is blocking the charge. Check for a fraud alert from the bank.
I am happy to continue online with you, if you prefer.
Can you upload the contract?
Just upload it here using the file attachment button.
The button that looks like a paper clip.
Try making another phone call request. If there is fraud alert let the bank know it is an authorized charge.
I am not an employee of JA. Just a site user like you. I have no access to your account info or payments and the system does not let me accept a phone call request without a payment authorization. My experience is that when there is a payment failure it is because the charge triggered the credit card's fraud alert.
If your credit card is saying it is JA's end then you must be entering the wrong number, date or cvv code.
The real estate tax prorations are located at paragraph 10. The percent has not been filled in.
The real estate taxes are addressed in the provision I pointed out and are the seller's charge because they accrue currently, but are not billed until the following year. They are a seller's charge to the closing date, just the same as the electric bill is.
Since you do not know what the 2017 taxes will be, as they are not billed until next year, you will give a credit at closing based upon the most recent bill as a reference point.
Did you have further questions? Have I answered your question?
The blanks should be filled in.
Did you have further questions? I am happy to continue if you do.
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