Appraisals
The mood in Washington, D.C. these days is to unwind regulation. So I guess we should not be surprised that the Office of the Comptroller of the Currency recently said it is considering going commando, so to speak, on appraisals for residential real estate transactions under $400,000. The current rules in place now do not…
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By Lydia Blair Special Contributor We’ve all heard about the two things you can’t avoid – death and taxes. Just like there is a life cycle, there is a property tax cycle. The tax cycle is a lot easier to predict. This life cycle of property taxes follows the same pattern every year. If you’re…
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According to a recent report from Zillow, a significant number of markets across the nation are seeing price reductions across all ranges. Is that a sign of depreciation? What can buyers and sellers expect when it comes to the bidding process? In this weeks BobMortgage Zone episode, Bob Johnson (AKA BobMortgage) tells us what these…
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The end of sales price non-disclosure might be near, if the suit filed by the City of Austin against the Texas comptroller’s office is any indication. Austin Mayor Steve Adler, who submitted the 10-page suit on Monday, argued that the ad-valorem taxation system is unconstitutional because it isn’t “equal and uniform.” Texas is one of…
Read MoreDo the rich know something we don’t know? Well, I want in on their secret. Because it’s almost downright eerie how many¬† cash buyers are out there. Generally, they are commanding a 10 to 20% discount when they flash cash at sellers. Why? Because the seller knows the sale is a slam-dunk — no need…
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