TAXES AND INSURANCE ON THE HOME

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TAXES AND INSURANCE ON THE HOME

Post  Paul Jamison on Tue Feb 05, 2008 10:45 am

Who has to keep up the taxes and insurance on the home.

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Re: TAXES AND INSURANCE ON THE HOME

Post  Marc Johnson on Tue Feb 05, 2008 10:47 am

Unfortunately the owner is responsible for the taxes and insurance on the home.

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Re: TAXES AND INSURANCE ON THE HOME

Post  Linn F on Fri Feb 08, 2008 12:26 pm

Yes the owner of the home is responsible for both the taxes and insurance on the home. Make sure when you are budgeting how much you need that you also figure in this amount.

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Re: TAXES AND INSURANCE ON THE HOME

Post  Ralph J on Fri Feb 08, 2008 3:36 pm

Linn is correct all taxes and insurance as well as keeping the house in good condition is up to the owner of the home and a requirement of the loan. If you become default in any of these you could lose your home or have to pay the loan off.

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Re: TAXES AND INSURANCE ON THE HOME

Post  Walter Cabe on Fri Feb 08, 2008 3:46 pm

You could set this up with the bank to have it drawn directly out of your account on a monthly basis so that you would always be uptodate and not have to worry. I found that this is the easiest way for me to pay my bills now. I forget half the time to pay my bills.

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