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Folly in 50 States and the World / Folly in Colorado

URL:  https://boards.fool.com/if-you-didnt-pay-enough-taxes-at-closing-they-31074268.aspx

Subject:  Re: Learn from me Date:  1/19/2014  10:31 AM
Author:  reallyalldone Number:  6270 of 6289

If you didn't pay enough taxes at closing they would come get the rest from you, but if you over pay you are out of luck in getting a refund?

I don't think they can come back for more since both parties sign that it's the final tax settlement.

2010 sure had some great real estate deals, I wish I could have taken advantage.

There may still be some out there but it's a tough call. I still have a house in the Tech Center to sell and there will be big gains from just two years more - I just need to get my act together and get it on the market.

One other issue in the current market in Steamboat is the appraisal if there's going to be a mortgage. It's still kind of a crapshoot because appraisals are based on recent sales. I'm in the process of buying something bigger for myself and waiting for the appraisal on the buy. The other market thing happening up there is an utter lack of rentals so if my current condo doesn't sell, I'll rent it.

(I sound much better at this stuff than I am - some of it is pure luck)
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