FAAR has received reports from agents that some property tax payments are seeing delays in being paid by third parties working with mortgage servicers.  This can lead to sellers or buyers having to pay the local property taxes for a second time and then receiving a refund or returned check to address the duplicate payment.

While no one is paying double the tax, it does cause stress and confusion for buyers and sellers who think that payment has already been made.  If anyone has clients who have experienced this delay, you may want to consider reporting it to the Consumer Financial Protection Bureau (CFPB) which might have an interest in investigating the delays from these third-party vendors.  Use the button below to file a complaint with the CFPB.

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