They just did an expensive Reno…. None of your comment makes any logic given that they just did an expensive Reno, they could afford to throw money around.
Renovation loans exist, and are often secured against the property (backed by the increased value or against equity).
So there’s a real possibility that they only increased their debt and monthly expenses without having the liquid capital for the unexpected tax payments
Sucks to suck if that’s the case. If they truly couldn’t afford this, they should have been more diligent about researching the potential ramifications of making these renovations. That goes even more so for someone with experience in the field of real property.
They just did an expensive Reno…. None of your comment makes any logic given that they just did an expensive Reno, they could afford to throw money around.
Maybe, maybe not.
Renovation loans exist, and are often secured against the property (backed by the increased value or against equity).
So there’s a real possibility that they only increased their debt and monthly expenses without having the liquid capital for the unexpected tax payments
Sucks to suck if that’s the case. If they truly couldn’t afford this, they should have been more diligent about researching the potential ramifications of making these renovations. That goes even more so for someone with experience in the field of real property.