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Re-thinking property tax reporting can help meet lenders’ need for speed

Housing Wire

In 2019, for example, one national lender reportedly spent $100 million to develop a digital platform that could originate and close transactions in eight days. As these companies examine critical operational workflows, the property tax reporting process often stands out as an opportunity for re-engineering.

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Need a Property Tax Appeal?

D Fritz Appraisals

What to do When Your Property Tax Assessment Seems Too High. In early January each year, every home in British Columbia receives its property tax assessment notice through the mail from BC Assessment. Some property owners may be surprised and possibly even concerned with their home property assessment amount.

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Real estate on the ballot: Here’s what passed at the state level

Housing Wire

Several state-level real estate initiatives and urban development policies were voted on in the Nov. 3 general election, including issues involving tax credits for veterans, widows and long-time homeowners. . The passing of Proposition 19 in California overhauls Proposition 13, which slashed property taxes by almost 60% in 1978.

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Miami seeks new debt package to finance affordable housing: Bloomberg

Housing Wire

Mayor Daniella Levine Cava will propose a new property tax-backed debt package later this year that would raise $2.5 Levine Cava aims to prioritize projects that enhance urban density while also tapping into county land for “massive property development,” she told Bloomberg. billion to cope with the local housing crisis.

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Michigan attorney general reissues reverse mortgage consumer alert

Housing Wire

As long as you retain ownership of the home and pay the property taxes, the loan will not become due.” Department of Housing and Urban Development (HUD)-approved counseling prior to closing the loan. “It can be used to make home repairs, pay for medical expenses, or to supplement retirement income.

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Foreclosures are rising, but it’s not yet alarming

Housing Wire

The impact of tax and insurance liabilities There are some growing concerns stemming from inflation and the rising costs of property taxes and insurance premiums, which may be problematic for some households, particularly older Americans with fixed incomes. With home values across the U.S. With home values across the U.S.

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CFPB official talks reverse mortgage safety, counseling resources

Housing Wire

The CFPB advises that upfront fees can be “as much as $6,000 plus closing costs in an initial mortgage insurance premium,” in addition to an annual mortgage insurance premium and obligations related to property taxes and homeowners insurance. Department of Housing and Urban Development (HUD).

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