Housing Wire

APRIL 5, 2022

Today, the law is not yet clear on whether or not virtual land in the Metaverse is “actual” real estate. There is no public guidance from state or federal regulators at the time of this writing as to whether mortgages for virtual real estate are governed by traditional laws and regulations that govern traditional mortgages.

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Housing Wire

JUNE 24, 2024

And a state property tax relief program recently raised its maximum income threshold to allow more Puget Sound-area seniors to qualify. The local chapter of the influential senior lobbying organization worked to expand the property tax exemption and ”has encouraged tens of thousands of its members to apply,” the Times reported.

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Housing Wire

DECEMBER 3, 2020

The bill is expected to add $2 billion to California’s coffers annually, and homeowners with disabilities, seniors looking to move for health reasons, and empty nesters looking to downsize could receive property tax breaks when buying a new home, CAR officials said. But CAR, which supported the measure with $35.7

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Housing Wire

APRIL 24, 2024

“Since mortgage borrowers are captive to a company they never chose to do business with, we are working hard to detect and deter violations of law.” The agency also asserted that deadlines to pay property taxes and homeowners insurance were impacted.

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Appraisal Buzz

SEPTEMBER 13, 2024

from Penn State Dickinson Law, her LL.M. in Taxation from Villanova University Charles Widger School of Law, and a Bachelor’s Degree in Political Science from La Salle University. Dutill earned her J.D. The minute I met Incenter’s leadership, I was ready to join,” said Dutill.

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Housing Wire

OCTOBER 3, 2024

“This victory is a bold statement that EasyKnock operates in full compliance with the law and provides a valuable, lawful option for homeowners to access their equity.” According to legal documents , the couple later asserted that the sale-leaseback contract was a “disguised loan” under Texas law.

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Housing Wire

MAY 1, 2023

With a residential PACE loan, renovations are financed and are then paid back by the borrower as property tax payments to their local government, resulting in higher property tax payments for borrowers. “We are proposing new rules that would require sensible safeguards on these clean energy loans.”

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Housing Wire

NOVEMBER 11, 2024

In 2024 alone, Colorado, Arizona, Massachusetts, and Hawaii passed major ADU legislation, and California added several laws to open the doors wider for ADU s. State officials expect 8,000 to 10,000 ADUs to be built in the next five years thanks to the law. AB 1033 allows the separate sale of an ADU from the main residence.

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Housing Wire

NOVEMBER 29, 2023

Besides not having the ability to monetize the property, heirs’ property holders can also lose economic value in other ways. In some states, heirs’ property holders are ineligible for homestead tax credits, even if they occupy the property and pay property taxes , leading to the overpayment of taxes.

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Housing Wire

JANUARY 8, 2024

RMD reviewed a complaint that names Celink and RMF as defendants in other ongoing litigation, including a case alleging “systemic violations by Celink and RMF of borrower protections provided by standard HECM loan agreements, federal laws, and New York State laws.”

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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.

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Housing Wire

JUNE 18, 2024

Under federal law, mortgage servicers are required to respond to consumers in a timely manner, a requirement that has added importance for reverse mortgage borrowers, the bureau stated.

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Housing Wire

JANUARY 9, 2024

For homeowners, ADUs can generate substantial rental income that assists homeowners in covering escalating property taxes and mortgage payments. Private sale In late 2023, one of the most significant shifts for California residents occurred as Governor Gavin Newsom signed AB-1033 into law.

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Housing Wire

OCTOBER 27, 2023

Real estate agents know city and county property taxes. They decipher public property information. The law, the facts and the economics will prove this as NAR makes its case in court. They coordinate with lenders and research mortgage rates and terms. Tracy Kasper is President of the National Association of Realtors.

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Miller Samuel

MARCH 19, 2019

This proposed NYC "pied-a-terre" tax law has a name that infers it concerns " pied-a-terres " when in fact that property type is but one part of the property types that are impacted. The market value of these properties will be based on a "comparable sale-based valuation method." click to expand].

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Appraisal Buzz

DECEMBER 11, 2024

Creative Housing Solutions: As demonstrated by Californias recent law relaxing local limitations, remove obstacles to the development of Accessory Dwelling Units (ADUs) to give older folks more flexible housing options. High property taxes are another factor at work, as 55% of respondents cite them as a cause for moving.

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Eppraisal

MARCH 8, 2024

Property ownership comes with various responsibilities, and one recurring financial aspect is the property tax bill. In this guide, we'll break down the components of a property tax bill to provide clarity on where your money goes and how you can make informed decisions regarding this significant financial obligation.

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Housing Wire

OCTOBER 22, 2024

A reverse mortgage itself is not a tax-free financial instrument, he explained. He referred to a recent move in Florida, where state tax stamps were reduced following legislation signed into law in May. And intangible tax, depending on who you talk to or what county in Florida, may be taxed at a higher level,” he added. “So,

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Housing Wire

MAY 21, 2024

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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Housing Wire

MARCH 26, 2024

While the person sits back and watches the value of their house climb to levels that have never been seen before, they are still struggling to get back to their pre-pandemic income level while also having to pay more for homeowner’s insurance and property taxes, not to mention the fact that all of their other bills have increased as well.

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Appraisal Buzz

AUGUST 13, 2024

Per the report, the transactions frequently lack regulation, and other sellers and investment groups may lay a number of traps that force homebuyers to live in unusable or inhabitable properties, pay for costly repairs and tax liens, and run the risk of losing both their down money and their residences.

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Cleveland Appraisal Blog

JUNE 23, 2023

Photo by Antonio Quagliata on Pexels.com Additionally, consider the zoning laws and land-use regulations in the area and what category it might fall into based on its specific location. As a real property appraiser, I think these tips can really help if you’re looking to purchase land. What is it for?

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Housing Wire

MAY 12, 2022

You want to invest in an area with a higher demand for rental properties. Some areas have lower property taxes and expenses than others. You found a property you love and may want to retire to one day but will rent in the meantime. The laws may be different. Should you buy property out of state ?

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Cleveland Appraisal Blog

FEBRUARY 7, 2023

Just in case you weren’t aware, real estate brokers in some states, like Ohio, are now required by law to show you the home’s interior living space. Your annual property taxes may go down if the value of your home is significantly lower than what it was initially estimated to be.

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The Robert Weiler Company

JULY 28, 2021

Regular property tax contests are valued as of January 1 of the tax year in question. For instance, those contesting their property taxes for the tax year 2020 will be contesting their property’s value as it existed on January 1, 2020. Getting Started With The Ohio Property Tax Contest Process.

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Housing Wire

JULY 18, 2023

Historically, California’s tax laws have incentivized homeowners to stay put by limiting property-tax increases. Next come Oakland (7 of every 1,000; -43%), San Diego (8 of every 1,000; -51%), Sacramento (9 of every 1,000; -41%) and Anaheim (9 of every 1,000; -41%).

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Housing Wire

OCTOBER 9, 2024

“So, it’s a real challenge now that payment shock is not coming from the mortgage or from the interest rate moving — because so many folks have a fixed-rate mortgage — but the increase in payment is coming outside of mortgages, from insurance and in property taxes.” That’s a challenge,” Larsen said.

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Housing Wire

FEBRUARY 8, 2022

Federal laws aren’t the only ones servicers have to contend with. The National Consumer Law Center (NCLC) identified executive declarations and court orders in 34 states as of April 2021. To compare, according to the Mortgage Bankers Association ( MBA ) data, new foreclosure cases were at 0.8%

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Empire Appraisal Group

DECEMBER 28, 2022

Does Adding an In-Law Suite Pay Off? Source: Does Adding an In-Law Suite Pay Off? NEW YORK – Accessory dwelling units are known by many names: in-law suites, guest houses, backyard cottages, or basement or garage conversions, among others. The post Does Adding an In-Law Suite Pay Off? Florida Realtors. By Liz Weston.

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Housing Wire

NOVEMBER 13, 2023

2 End of Course Exam Attempts Online Course With 3 Hours Each of Core Law & Ethics, 8 Hours of Specialty. Exam Math Cram consists of 5 real estate math practice tests to test your knowledge on real estate math formulas, calculating commission, and calculating property taxes. 1 Year Course Access.30-Question Course E-Book.

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Eppraisal

SEPTEMBER 13, 2023

As homeowners, we're familiar with the annual ritual of receiving our property tax bill. We'll try to help by shedding some light on the various components that make up your property tax bill, providing you with a comprehensive understanding of what you're paying for. or more of your property's value.

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The Robert Weiler Company

APRIL 12, 2023

With recent headlines focused on politics, protests, and international disputes, Ohio commercial property owners may have overlooked or forgotten that a statewide property tax reassessment (also referred to as a reappraisal) is underway. Property reassessment – with or without drone assistance – is a major undertaking.

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Will Springer Realtor

MARCH 7, 2023

The state requires that county assessors inspect every property at least every six years to maintain accurate information about the parcel and structures. Local governments are limited to a 1% annual increase in property tax revenue regardless of changes in property values – but there is a catch. overall increase.

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The Robert Weiler Company

APRIL 15, 2022

Taxes and Assessments. Compliance with Laws. And the landlord pays for all operating expenses, such as maintenance, property taxes, and insurance. property taxes, insurance, building maintenance, utilities, janitorial services, and property management fees). Maintenance and Repairs.

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Realvals

JUNE 18, 2023

By providing an unbiased estimate of a property’s value, an appraisal ensures that you know the real value of your property. Estate planning, property tax appeals, divorces, and gifting, are some of the many others. Estate Taxes In some cases, local laws may require appraisals for estate tax purposes.

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Housing Wire

APRIL 27, 2023

Inviting an SFR lawsuit Invitation Homes earlier this year failed to convince a judge to dismiss a pending whistleblower lawsuit filed against the company in federal court in San Diego that alleges it made improvements at scores of properties in California without first securing required building permits.

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Eppraisal

FEBRUARY 6, 2024

The mortgage interest deduction can result in significant tax savings, effectively reducing your taxable income and lowering your overall tax liability. Property Tax Deduction Homeowners are also eligible to deduct property taxes paid on their primary residence from their taxable income.

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