How is proration of the final month’s assessment payment handled in the month my property sells?

If you will own the property on the first day of the month, you should pay the entire month. When you close, your title company and the buyer’s title company will handle prorating the assessment and crediting you back for the days of the month you will no longer be the owner. Basically, the proration process is handled by the title companies, not on our end.

/ In / By Adam Jenning / Comments Off on How is proration of the final month’s assessment payment handled in the month my property sells?