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A property tax reckoning is coming

Housing Wire

The culprit is property tax bills, which arrived on April 1, bearing property tax increases driven by fast-rising home prices. In Spokane, the average property tax bill has risen from about $2,500 in 2019 to about $3,000 in 2021, tax assessment data shows. No one knows how this will all play out.”.

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How reverse mortgages could improve financial stability for older homeowners

Housing Wire

HousingWire recently spoke with Christian Mills, head of Financial Advisor Relations at Reverse Mortgage Funding, about the ways a reverse mortgage can create a stable cash flow for homeowners in the midst of a volatile housing market. CM : Firstly, reverse mortgages, whether government-insured or proprietary, are non-recourse loans.

Mortgage 393
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Affordable housing inventory is limited due to foreclosure prevention efforts

Housing Wire

That key source of affordable housing inventory: distressed properties sold to third-party buyers or repossessed by lenders at foreclosure auction. Once the transfer of ownership occurs at foreclosure auction, a distressed property can be renovated and returned to the retail market as affordable housing for homeowners or renters. “[I

Inventory 391
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Why Do Home Appraisals Cost so Much?

AmeriMac

Most states calculate property taxes depending on your home’s fair market value. In case the value of your home on the property tax bill spikes up, you may be able to request a tax assessment. Ultimately, an independent appraisal helps lower your overall property taxes. Property size.

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Why Do Home Appraisals Cost so Much?

AmeriMac

Most states calculate property taxes depending on your home’s fair market value. In case the value of your home on the property tax bill spikes up, you may be able to request a tax assessment. Ultimately, an independent appraisal helps lower your overall property taxes. Property size.

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Why Do Home Appraisals Cost so Much?

AmeriMac

Most states calculate property taxes depending on your home’s fair market value. In case the value of your home on the property tax bill spikes up, you may be able to request a tax assessment. Ultimately, an independent appraisal helps lower your overall property taxes. Property size.

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Desktop appraisal option to start in March

Housing Wire

The option is not available for second homes, investment properties, cash-out refinances, construction loans, multi-unit properties, renovation loans, condos, co-ops or manufactured homes. By April, more than 15% of loans sold to the government-sponsored enterprises used desktop appraisals.

Appraisal 414