Examined a title in Somerset County yesterday and we have our first transaction impacted by Act 93 of 2013. Our seller owns 5 properties in the county that have delinquent taxes owing for 2012 and 2013.
Since the 2013 taxes haven't yet reached the "claim absolute" stage, we aren't concerning ourselves with them. The 2012 taxes, however, are claims absolute and therefore are "reduced to judgment" and must be paid in order to clear the title for our buyers.
Total additional tab to our sellers? They are paying roughly $6000 to clear 2012 taxes on the 4 extra properties so that they can convey the 1 property to our insured buyer.
We can mark this one as a win for the municipality since the deal did not fall thru. The sellers are elderly and own the property free and clear.