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Old 01-02-2009, 09:41 AM
 
730 posts, read 2,887,875 times
Reputation: 346

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Hi,

We are paying our property taxes through our mortgage. We just bought new construction and we qualified for a tax abatement (I think if was a 10 year but not sure)

Anyway, the tax accessor just increased the taxes on our home and now we have a shortage with our mortgage company.

My question is this: Our abatement is supposed to go into effect this month. Should I go ahead and pay the shortage, which is for future taxes or wait until the abatement is put through because then we won't have a shortage.

TIA
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Old 01-02-2009, 09:44 AM
 
Location: WA
5,641 posts, read 24,951,486 times
Reputation: 6574
Most mortgage servicers will not give you an option... you have to pay until a tax change comes through.
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Old 01-02-2009, 09:57 AM
 
730 posts, read 2,887,875 times
Reputation: 346
Well i just got off the phone with them and they said I could just pay my monthly mortgage payment right now and if the abatement came through in the next few weeks I would be fine.

If not, I can pay the shortage next month.
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