Legal Question in Real Estate Law in Washington
property taxes
On Sept.15,2006 we closed on the sale of our home at an Escrow co. they were putting in a new system in their computer at the time we closed and when all paper work was done it showed they took our portion of taxes out and we got a refund by the new owner for what was their half and all was paid. Now we are told they weren''t paid then and we not only owe our half but also what the new owners had rebated us...................My thinking is the Escrow company should have to pay them now, plus the interest and late fees.Its been over a year since closing, and the new owner has since resold the property,and paid the complete amount after getting a late bill. Do either of us have any recourse? The co. has agreeded to pay the late fees and interest.
We were told the process did not pay them as thought. Is there a way we can legally fight this?
1 Answer from Attorneys
Re: property taxes
Escrow companies are controlled by a division of the Attorney General called the Department of Financial Institutions. You can find them on line at access.wa.gov.
They are licensed, bonded and regulated.
Keep copies of the documents that show what happened in this transaction. You will want to notify DFI in case there are other issues with this escrow company, and talk to a local attorney. You well have recourse against the escrow company. This may or may not be a title insurance problem, I can't tell on the facts you provide. If you and the new owners are on speaking terms you can BOTH sue the escrow company for not dealing with this properly.
Hope this helps. Elizabeth Powell
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