Remove Definition Remove Legal Remove Property Taxes
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CFPB warns consumers about home equity contracts, comparing their features to reverse mortgages

Housing Wire

The companies advertise no monthly payments and require consumers to assume all costs for property taxes, hazard insurance, and property maintenance, and require a large settlement payment, similar to the loans originated in the early 2000s that were negative amortizing and required a balloon payment at the end of the loan term, the report said.

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‘Rules of the Game’ presentation returns to tackle reverse pros’ misconceptions

Housing Wire

The trouble with definitive statements The first topic the pair covered was the trap that some reverse mortgage professionals might fall into by making “definitive statements.” These include property taxes , homeowners insurance and — if applicable — homeowners association (HOA) fees.

HOA 432
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What Metaverse real estate means for mortgage professionals

Housing Wire

“Actual” real estate is defined as property consisting of land or buildings, and everything that is permanently attached to the land. There is a legal description. Virtual” real estate shares much of the same general definitions of actual real estate. As for property taxes, well, you can kiss that goodbye.

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9 tips for homebuyers in non-disclosure states

Housing Wire

While these online tools aren’t a definitive statement of a home’s value, they can be a great starting point, especially when combined with other data like a home’s list price, square footage, number of bedrooms and baths, property tax history, and any price reductions.

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PA judge decides reverse mortgage gets first-priority in foreclosure dispute

Housing Wire

The judge ultimately sided with RMF, finding that its lien held senior priority over the original mortgage, which the judge characterized as a novel legal question. The association and the trial court suggest that we should look at the entire history of the property, the judge wrote. [The]

Mortgage 329
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The Proposed NYC "Pied-A-Terre Tax" Looks Catastrophic to NYC Real Estate

Miller Samuel

And it is a marginal rate tax - only the amount above each threshold is taxed. And it is a property tax which means it will be paid annually, not just upon sale like the Mansion tax. Here is how consumer behavior is impacted by the $1 million threshold of the New York State "Mansion" tax.

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Conservation Easement in Ohio: A Guide to Protecting Our Treasured Land

The Robert Weiler Company

Answering this question requires step-by-step unpackaging, starting with definitional awareness, and continuing with tax advantages, regulations, and conservation easement appraisal value. A simple conservation easement definition is a legal contract to protect private land, permanently. Legally Binding.

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