Housing Wire
MAY 22, 2024
Unpaid property tax debts are leading to preventable foreclosures , with the greatest impacts on Black and Latino households and older homeowners living on fixed incomes. But if states take proactive measures to reform policies and disclosures around tax foreclosures, this could go a long way to prevent unnecessary home displacements.
Housing Wire
NOVEMBER 19, 2020
A slim majority of California residents voted in favor of Proposition 19 on Election Day, green-lighting a motion that gives new property tax breaks to older homeowners while increasing property taxes for those inheriting their parents’ or grandparents’ properties. Presented by: CoreLogic.
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Housing Wire
JANUARY 27, 2025
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.
Appraisal Buzz
MARCH 12, 2025
years, but homeowners in Californiawhere Proposition 13 can lock owners into low property-tax ratesare staying put much longer. Lower Taxes Found Appealing in the Golden State California homeowners tend to hold onto their houses for a long time because a state tax law incentivizes them to do so.
Housing Wire
DECEMBER 17, 2024
PACE loans caused borrowers property taxes to increase by about $2,700 per year or an 88% increase, according to the CFPB. PACE borrowers were also more likely to fall behind on payments for their first mortgage compared to those who didnt use the program.
Housing Wire
JULY 5, 2024
The Mortgage Bankers Association (MBA) this week detailed its reasons for opposing a bill in the state of Florida designed “to expand projects eligible for residential Property Assessed Clean Energy ( PACE ) financing,” which was recently signed into law by Gov. Ron DeSantis. The Florida Legislature and Gov.
Housing Wire
OCTOBER 11, 2024
As those on a fixed income continue to wrestle with rising property taxes , the mayor of South Portland, Maine , recently recommended that area seniors explore reverse mortgages as a potential option to add financial flexibility. It was an inappropriate remark that arose from my long experience as an elder law attorney.
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