Seller Finance - Prop Tax Communication

Land Investing
1

We have a number of properties that we sell via seller financing. Recently we have had quite a few that have seen increases in their annual tax amount. We pay the property taxes, but the buyers are paying us a prorated amount of the annual tax as part of their payment. Buyers are aware that they are paying a loan amount as well as a prorated tax amount. I’m curious if anyone else who is doing seller financing has a letter/email that they use to communicate changes to the tax amount that they would be willing to share??

Thanks in Advance

2

@chris-m I just did a google search for “escrow increase letter template” and found what appears to be a ton of examples. If you click on images, you can see a lot of the wording examples. That might give you some ideas on how to communicate this to your borrowers.