Can back property taxes be paid from proceeds in a cash-out refinance when there are numerous unpaid tax years to avoid a tax sale by the municipality?
Generally this is not acceptable. The fact that the borrower has not paid his/her real estate taxes is a concern as it relates to the borrower’s ability and/or willingness to repay a mortgage.
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Can back property taxes be paid from proceeds in a cash-out refinance when there are numerous unpaid tax years to avoid a tax sale by the municipality?
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