I am selling my house within Orlando Florida , as a Short Sale. Who pays Taxes & Insurance. LowEscrow bal.?

Answers: The bank will enjoy 0 balances on all of your escrows at the time of closing. You should know when you do a short Dutch auction the $$$ that is forgiven to you, from the bank you will own to claim next tax season. Ex. If the mound forgives 50,000.00 the IRS is looking at that as taxable income to you. Talk to your accountant and make sure you understand that.....and prepare for that subsequent tax season. Source(s): Realtor
Not completely sure what you are asking. However at the closing this years taxes are prorated based on last years taxs.
The buyer will involve to obtain insurance on the property prior to closing, however you will need to maintain insurance on the property until it sells. Source(s): Central Florida Realtor.
You will.

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