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Why title insurance is essential to the U.S. system of property rights

Housing Wire

We transfer ownership by private contract between parties; no advance government approval is required. By contrast, many European countries have a centralized, government-managed land registration system, which requires government review before property transfers are effective. Among the many benefits of the U.S.

Insurance 411
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Banning property taxes in Florida gains traction among lawmakers

Housing Wire

The plan, while popular, is not without risk to the states revenue system, since a removal of property taxes would make the state far more reliant on its sales tax. Local governments in the state would also be cut off from a key funding source for schools and social services, the report explained. Taxpayers need relief.

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Fannie Mae: Policymakers should look elsewhere to improve affordability

Housing Wire

The paper argues that while mortgage costs — including mortgage insurance, guaranty fees and loan-level price adjustments — are often the focus of policymakers looking to address affordability, other costs make up most of the overall cost of housing. An FHFA spokesperson declined to comment on the research.

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The Importance of Tax Escrow Payment Processing for Mortgage Servicer Operations

Appraisal Buzz

Mortgage tax escrow payments for local property owners and government processors continue to serve as a crucial source of revenue for local governments. Among these payments, timely settlement of local property taxes holds particular significance.

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Consider These Factors When Choosing a Real Estate Appraiser

East Coast Appraisal

Property appraisers use several forms of insurance coverage to protect their business. However, you only need to confirm a few forms of insurance coverage, depending on your role in the property transaction. For example, a buyer should confirm that the appraiser carries errors and omissions (E&O) insurance.

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12 Types of Expert Witness Assignments for Appraisers

McKissock

Typically, this would be for local property tax appeals. If the IRS reviewer rejects an appraisal, there could be significant restraints on any future appraisal work for the IRS or other federal government agencies. Insurance claims. Learn more. Tax appeal. Partitionment.

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How to Conduct the Most Effective Columbus, Ohio Property Search

The Robert Weiler Company

Now that you’ve found an area that interests you and offers local properties in your price range, it’s time to learn as much as you can about that area. We recommend starting with the infrastructure because this is what often drives commercial property prices. Tip 6: Don’t Underestimate Mother Nature. Don’t learn the hard way.