As many of your homeowners know, the 1st installment of property taxes is due to the county on November 1st; considered late after December 10th. You should all have your property tax bills by now. I will send out another reminder via my blog when they are due, and again, when they will be considered late.
However, if you are in the process of refinancing right now and are scheduled to close any time this month and after, the new lender will want you to pay your taxes. Yes, even if you are closing prior to their actual due date of 11/1/11. I have warned all of my clients that are in process of a refi right now, so at least they are prepared, but wanted to share this information with you as well. Many of us wait until the last minute to pay taxes, but if you are refinancing, you will not be given that luxury.
