Currently the only option for prorating taxes is to credit the buyer and charge the seller. In our county, when a tax parcel is split during the year, the seller is still responsible for the current year taxes, so the credit needs to go to the seller. The credit to the seller is also needed when taxes are paid by the seller prior to year end.
Hello
It will Debit or Credit the Borrower/Seller based on the dates entered and the payment schedule. Our wonderful Support team will be reaching out to you to assist.
E-Closing