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Real Estate
Reply to "Post-settlement refund check from title company"
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[quote=Anonymous][quote=Anonymous]The local jurisdiction often has not done a tax assessment of a new construction property. When you went to closing, the builder may have directed the settlement company to withhold a large amount of money from you to pay the taxes when the property was assessed. The property may now have been assessed and you paid too much. The builder has directed the settlement company to refund the money to you. To be absolutely sure, ask the settlement company[/quote] Op here, apologies-- the settlement company is the issuer of the check/letter. [/quote]
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