Housing Wire

NOVEMBER 11, 2024

They made ADUs legal by right (meaning local governments can’t simply forbid them), did away with or minimized requirements for added parking requirements, banned municipalities from forcing more stringent ADU design requirements than on the primary dwelling, and eased or eliminated owner-occupancy requirements. But first, the good news.

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Housing Wire

OCTOBER 9, 2024

These include property taxes , homeowners insurance and — if applicable — homeowners association (HOA) fees. Don’t go out of bounds by giving tax advice, legal advice or investment advice. But we want to stay within our lane, so let the legal folks do legalese. Don’t go out of bounds,” Hultquist said.

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Cleveland Appraisal Blog

JUNE 23, 2023

Land ownership comes with legal obligations which can change quite a lot depending on where you are buying land. Before you purchase anything, consider the legal implications, including property taxes, zoning laws, environmental regulations, and permits required for your intended use. What are the local regulations?

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Mashvisor

JULY 17, 2021

While housing is generally expensive in 2021, property taxes can add additional costs when you buy in a high property state. So how is property tax calculated? What are the…

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Property Taxes Real Estate Investing Legal 73

Housing Wire

NOVEMBER 29, 2023

Typically, when a person passes away, it is customary for a will to specify who will inherit the property. However, wills and estate planning can be costly, and many Americans do not have the resources to legally account for their property before they pass away. How is the title industry helping to address heirs’ property?

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Housing Wire

SEPTEMBER 13, 2024

Expanded assistance Under the guidelines of the revived program, eligible beneficiaries can receive up to $40,000 in assistance to pay delinquent property taxes , homeowners insurance or HOA/condo fees. We also partner with legal services to complete all settlements. “It’s a necessary program,” she said.

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Appraisal Buzz

AUGUST 13, 2024

They are set up so that, until all payments are made by the borrower, the seller is still in possession of the home legally. The borrower frequently assumes homeownership duties during the contract period, like as maintenance, property taxes, and upgrades.

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Housing Wire

SEPTEMBER 17, 2024

When you start to see a world where homeowners insurance and property taxes all go up, we’ve got borrowers hovering around a 50% DTI. “If you don’t fix them, the ability legally to take additional risk is constrained,” he said. It sure as hell does. That’s not a healthy situation.”

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Padove Appraisal Service

FEBRUARY 24, 2023

Estate planning: If you are planning your estate, an appraisal can help determine the value of your property for tax purposes or for dividing assets among heirs. Legal proceedings: An appraisal can be useful in legal proceedings, such as divorce settlements, where the value of a property needs to be determined.

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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

DECEMBER 14, 2023

The borrower’s largest life-of-loan costs are the property taxes and recording fees paid at closing plus the accumulated cost of annual property taxes paid over the life of the loan.

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Housing Wire

APRIL 5, 2022

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. In Decentraland or Sandbox, for example, the legal descriptions are individual pixels (essentially code) that define the “parcels.” Defining virtual real estate.

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Housing Wire

JANUARY 8, 2024

” Another case alleges that Celink and RMF improperly paid property taxes for reverse mortgage borrowers before they became due without legal justification or notice. RMF’s bankruptcy status complicates both cases according to court filings. Celink continues to defend itself in both cases.

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Appraisal Buzz

SEPTEMBER 25, 2024

The Cantero case arose from New York General Obligations Law §5-601, which requires a minimum 2% interest to be paid on mortgage escrow accounts, maintained for payment of property taxes and insurance. Disclaimer: The above information is intended for information purposes alone and is not intended as legal advice.

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Housing Wire

OCTOBER 27, 2023

You’re asking them to try to take the place of real estate agents who guide consumers through all the legal, financial and community complexities of buying a home even as 89% of homebuyers would use their agent again or recommend their agent to others. Real estate agents know city and county property taxes.

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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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Hood Homes Blog

SEPTEMBER 19, 2018

The property taxes in Harker Heights are expensive! It is not exactly true, as, in fact, Harker Heights has one of the lowest property tax rates in the Fort Hood area. Instead, Harker Heights’ property taxes are more not because the rate is higher but because property values in Harker Heights are higher as a whole.

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Housing Wire

SEPTEMBER 7, 2023

You may also deduct a portion of expenses for your home, such as rent , mortgage interest, property taxes , insurance, cleaning, and utilities, known as indirect office expenses. It’s up to you (and your tax pro) to make smart moves now to avoid potential tax mistakes and save as much money as possible.

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AmeriMac

OCTOBER 28, 2024

.” This means the appraiser needs to pay close attention to the property’s condition and possible repair costs. The property may also have legal issues, like title problems or unpaid liens, which can affect its value. These problems can complicate the property’s title, causing headaches for lenders and buyers.

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Appraisal Hub

NOVEMBER 30, 2023

Beneficial for Estate Planning and Settlement: In estate planning or settlement, understanding the value of residential property is crucial. Appraisal firms in Toronto can offer unbiased valuations that are essential for legal and financial planning, ensuring fair distribution of assets.

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Boston Appraisal

SEPTEMBER 18, 2023

An accurate appraisal offers that indispensable foundational data, upon which assets can be split in a manner that is both fair and legally defensible. Unlocking Tax Benefits A precise real estate appraisal also plays a significant role in tax planning.

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Birmingham Appraisal

JUNE 11, 2024

Tax Appeal Appraisals: Fair Property Tax Assessments What is it? Tax appeal appraisals are conducted to challenge the assessed value of a property for tax purposes. How it helps: Lower Property Taxes: If your property has been overvalued by the county, you may be paying more in property taxes than necessary.

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Appraisal Property Taxes Valuation Real Estate 87

Appraisal Buzz

JULY 12, 2024

And if the borrower was not paying their mortgage, they probably were not paying property taxes or keeping the property in shape, either. Without regular maintenance, these homes can rapidly deteriorate, which can lead to code violations and legal and financial complications for whoever holds the asset.

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Inventory Supply Chain Construction Property Taxes 221

Empire Appraisal Group

FEBRUARY 8, 2024

Is that legal? These spots are generally deeded, and their owner pays property taxes on the space. Getty Images/bgwalker Source: [link] RE Q&A: Can Condo Owners Sell a Parking Spot? Singer One condo owner offered to buy an additional parking spot from their neighbor who had two spots. And if so, is it smart?

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Property Taxes Legal Appraisal 78

Listing Spark

SEPTEMBER 16, 2024

We’ll cover everything from preparing your home for sale to navigating the complexities of the Texas real estate market, ensuring you have the knowledge to conduct a smooth, legal, and profitable transaction. Understanding and properly preparing these documents is crucial for a smooth, legal transaction.

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The Robert Weiler Company

JULY 4, 2022

But it’s important that you select books that are newly published; this is especially critical when you’re relying on the books for legal or tax-related information or forms. These resources will educate you on rental property management best practices and help you replicate the success of other rental property managers.

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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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Real Estate Law Property Taxes Marketing 459

Eppraisal

OCTOBER 13, 2023

Analyzing Operating Expenses To accurately gauge the profitability of an investment property, it's essential to account for all operating expenses. These may include property taxes, insurance, maintenance and repairs, property management fees, and any homeowner association (HOA) dues.

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Housing Wire

JUNE 11, 2021

During closing, buyers sign several legal documents and pay additional fees, some of which are recurring costs like property tax. Before being handed keys to their new home, buyers have to go through the closing process, which finalizes the home purchase.

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Housing Wire

JULY 7, 2021

By late September, legal hurdles to the closing of the deal had dissipated, and MAM emerged as the buyer of RMS in a deal for which terms were not disclosed.

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Movoto

APRIL 8, 2024

This is a legally binding agreement between the buyer and seller that helps ensure the sale will be completed according to the contract’s outlined conditions. Property Identification. This portion lays out the agreed-upon selling price for the property. This section clarifies how property taxes will be handled.

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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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Appraisal Property Taxes Real Estate Market Value 145

The Robert Weiler Company

DECEMBER 15, 2022

Since a lease agreement is legally binding, you should have a commercial real estate lawyer review the document first. A commercial real estate lease agreement is a legally binding document between a lessor (landlord) and lessee (tenant) for the use of a commercial rental property. The landlord would pay for all other expenses.

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Eppraisal

MAY 3, 2024

Evaluate your budget, including the down payment, ongoing mortgage payments, property taxes, and maintenance costs. Legal and Tax Considerations Navigating legal and tax implications is paramount when buying a retirement home. Factor in potential changes in income and expenses during retirement.

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Appraisal Hub

MAY 17, 2023

It will likely stay on the market for longer, which can result in additional carrying costs, such as mortgage payments, property taxes, and maintenance expenses. Mistake #1: Over- or under-pricing If you price your home incorrectly, your home may become less attractive to potential buyers.

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Eppraisal

FEBRUARY 14, 2024

Appraisal Fees: Lenders often require a professional appraisal to assess the fair market value of the property, and buyers are typically responsible for covering this expense. Title Insurance: Title insurance protects both the buyer and lender against any legal issues or disputes regarding the ownership of the property.

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Boston Appraisal

AUGUST 30, 2023

The IRS requires a “Certified Appraisal” from a “Certified Appraiser” for many transactions, including charitable contributions of property, estate settlements, or gifting assets. CPAs must be diligent in ensuring that all real estate appraisals involved in tax-related transactions meet these stringent IRS conditions.

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