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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: JBTFD who wrote (27832)	3/5/2005 4:37:46 PM
From: GraceZ	Respond to of 306849

He was screaming bloody murder as well when he heard it because the RE agent had quoted him a figure half that. What he didn't know and the RE agent didn't know was that the tax assessors there won't assess a new house until it is finished and ready to close. So he found out three days before closing that his taxes would be astronomical. Needless to say, everyone lawyered up and the RE firm wound up paying a significant portion of that first year's taxes. Or I should say the insurance company holding their errors and omissions policy.