U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > New Jersey
 [Register]
Please register to participate in our discussions with 1.5 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Jump to a detailed profile or search
site with Google Custom Search

Search Forums  (Advanced)
Business Search - 14 Million verified businesses
Search for:  near: 
 
Old 02-25-2009, 12:26 PM
 
Location: Edgewater nj
130 posts, read 231,451 times
Reputation: 54
Default Can the city impose the liability on me?

Prior property owner owes omitted assessment tax which wasnít available after I closed the property. Now that the prior owner is in bankruptcy, the city is charging me the amount. I was told, if I do not pay, they would put a tax lien on it. My lawyer has sent a letter to the sellerís attorney but no reply. Any thoughts? Can I go after the title insurance co if the seller is not responding?
Reply With Quote Quick reply to this message

 
Old 02-25-2009, 12:38 PM
 
1,529 posts, read 2,796,109 times
Reputation: 428
I don't know - but your lawyer should be able to answer this question for you in a few minutes. I would definitely suggest speaking with him about it. It sounds like you should have some recourse.
Reply With Quote Quick reply to this message
 
Old 02-25-2009, 12:52 PM
 
379 posts, read 681,290 times
Reputation: 193
Agree about having your lawyer handle it. i'm no expert, but i would think that title insurance should respond to something like this. here's the wiki definition:

Quote:
[Title Insurance] is meant to protect an owner's or lender's financial interest in real property against loss due to title defects, liens or other matters. It will defend against a lawsuit attacking the title as it is insured, or reimburse the insured for the actual monetary loss incurred, up to the dollar amount of insurance provided by the policy.
Reply With Quote Quick reply to this message
 
Old 02-25-2009, 03:47 PM
 
Location: Stewartsville, NJ
7,577 posts, read 14,215,561 times
Reputation: 1174
Quote:
Originally Posted by balancesheet View Post
Prior property owner owes omitted assessment tax which wasnít available after I closed the property. Now that the prior owner is in bankruptcy, the city is charging me the amount. I was told, if I do not pay, they would put a tax lien on it. My lawyer has sent a letter to the sellerís attorney but no reply. Any thoughts? Can I go after the title insurance co if the seller is not responding?
I would... that's why you have it
Reply With Quote Quick reply to this message
 
Old 02-26-2009, 05:46 AM
 
1,029 posts, read 1,767,537 times
Reputation: 571
Default Had a situation............the town was only taxing us on the house and not property?.........

Would title insurance have helped.........we were told by town we owed them 9000@ for back property taxes they didn't collect.......had something to do with the township and the final inspection........our mtge company pd the tax and then turned @ and charged us with mtge pymnt........also wondering if we would currently have a claim with the title company.....
Reply With Quote Quick reply to this message
 
Old 02-26-2009, 08:53 AM
 
Location: Nashville, TN
2,869 posts, read 5,842,250 times
Reputation: 613
Quote:
Originally Posted by deeds View Post
Would title insurance have helped.........we were told by town we owed them 9000@ for back property taxes they didn't collect.......had something to do with the township and the final inspection........our mtge company pd the tax and then turned @ and charged us with mtge pymnt........also wondering if we would currently have a claim with the title company.....
Speak to your attorney. Also if you want you can go to Lawguru.com and ask this question for free, You will have lawyers from NJ answering your question.
Diane G
Reply With Quote Quick reply to this message
 
Old 02-26-2009, 09:18 AM
 
Location: Jersey Shore
824 posts, read 1,450,082 times
Reputation: 279
Did your closing attorney do a municipal tax search on the property prior to closing? This search will provide a listing of any unpaid tax payments, unpaid sewer payments, open building or plumbing permits, and any potential added and/or Omitted Added tax assessments.
Reply With Quote Quick reply to this message
 
Old 02-27-2009, 08:44 AM
 
Location: Edgewater nj
130 posts, read 231,451 times
Reputation: 54
Quote:
Originally Posted by wileynj View Post
I would... that's why you have it
The title insurance co told me that the omitted assessment tax is excluded from the policy.

My attorney confirmed that and told me I would have to file a claim against the seller and I would need to obtain a bankruptcy lawyer to do that.

Well, welcome to America ...
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Options
X
Data:
Loading data...
Based on 2000-2011 data
Loading data...

123
Hide US histogram

Over $79,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > New Jersey

All times are GMT -6.

© 2005-2014, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25 - Top