I see an ad on an MLS search for a Short Sale home that is asking for $298,000... I am going to inspect the house tonight and might possible make an offer, but not sure what I may be facing here.
According to Zillow the house is worth around the mid 400's, the house was purchased in 04 for 366k, and I am curious if the 298k they are asking for is including what they have not paid in taxes, or would I still have to cover that?
So if I am getting a loan saying I can put 30k down for the house and taking a loan for 270k which is about 90% LTV can they expect me to then possibly pull out another 3-4 in unpaid taxes if they haven't paid yet on top of closing costs?
