Lisa
Real Estate AgentForum Replies Created
-
Lisa
MemberJuly 3, 2024 at 4:18 pm in reply to: Chicago Heights Illinois Homeowner Has $1,800 property tax to $30,000A property tax increase can be shocking and burdensome to homeowners. Here’s why a Southern Suburban Illinois homeowner might face such an extreme spike in Chicago Heights, Illinois Property Taxes. Possible Reasons for Drastic Property Tax Increase can be due to property reassessment. Revaluation of the property by the city or county can get the property reassessed: Property taxes are based on the assessed value of the property. If there has been a recent reassessment, the home’s value might have shot up dramatically which in turn leads to higher taxes.If real estate market in the area has appreciated, assessed value of properties may go up accordingly. The tax rate set by local governments (county, city, school district) may have increased. Significant increases in tax rates can lead to substantial rise in property taxes.Approval of new bonds or levies for schools, infrastructure or other local projects can result in higher propert taxes.Errors need correction such as incorrect square footage or classification among others in property assessment.Special assessments for improvements like new sidewalks, sewers among others infrastructure projects may be added to property taxes.
Steps to Address Property Tax Increase
Review Tax Bill:Detailed Breakdown- Carefully review the property tax bill so as to understand what makes it go high.Check assessment notice for any errors in property details or assessed value.Contact local assessor’s office for clarification on assessed value and reasons behind increment.If there are discrepancies or errors request review/correction.Homeowners have right to appeal their property tax assessment if they feel it is wrong/unfair.Gather evidence like recent sales data of similar properties, appraisal reports and documentation showing any errors in assessment.Consider hiring a Property Tax Attorney/Consultant who specializes with appeals.Join/form local homeowner groups that advocate for fair property tax assessments/rate changes with local government officials-value determined by assessor’s office is usually a percentage of market value.The rate is applied to assessed value set by local taxing authorities.A multiplier ensures uniform property assessments across different areas within the jurisdiction.Homestead Exemption is available for primary residences thus reducing taxable value.Senior Exemptions are available for senior citizens hence further reducing taxable value.
It’s uncommon for property taxes to suddenly jump by $1,800 to $30,000 or more. This kind of increase is likely because there were multiple reassessments combined with changes in tax rates, special assessments or errors. Homeowners who receive such bills should take these steps as soon as possible: review their tax bill; contact their assessor’s office and file an appeal if necessary. Seeking help from professionals and getting involved with community organizations can also address some financial consequences related to high property tax hikes.
-
Getting together with family, barbecues, picnics, fireworks, and lots of drinking.
-
In 1975, Joe Biden and Jill met on a blind date set up by Joe’s brother Frank. At that point in time, Joe was a U.S. Senator while Jill was still attending college. When he met her, Joe Biden had lost his wife Neilia and baby daughter Naomi to a car accident in 1972; he was a widower. On the other hand, Jill had been married once before to Bill Stevenson who remains mostly unknown today except for having owned popular college bar The Stone Balloon located in Newark Delaware where they married at age 18 in 1970 before divorcing five years later in 1975. His occupation or activities beyond writing “Fall In Love With The Bidens: Joe, Jill And The Love Triangle That Anteceded The Presidency” (2020) remains unclear but it’s worth noting this book made some controversial claims about when exactly Jill and Joe became involved with one another which have been denied by them both as well as anyone else who may know anything about such matters publicly anyway were they asked directly enough times?There must be more information readily available regarding what Bill Stevenson is doing now besides just publishing books because people like him usually do not disappear completely after getting involved.
-
Don Pickles on the Johnny Carson show. Fu ny video clip.
https://www.facebook.com/share/r/xHRsoYHPaJB5FMkw/?mibextid=D5vuiz
facebook.com
Don’t forget to make your gold today. Just don’t forget the family #😂 #comedy #nativenewyorker #brooklynborn #donrickles #johnnycarson. its_josephinegiordano · Original audio
-
Jay Leno recalls on making Rodney Dangerfield laugh on Rodney Dangerfield’s death bed
https://www.facebook.com/share/r/YQybBUtKpsiGB7Ww/?mibextid=D5vuiz
facebook.com
Jay Leno & Rodney Dangerfield #comedy #short #leno #tv #funny #jokes #rodney. comedy_corner_shorts · Original audio
-
-
Lisa
MemberJune 22, 2024 at 2:46 am in reply to: What is it Like Owning a German Shepherd For a Family With KidsCute. Love ❤️ that dog. Beautiful German Shepherd.
😘
- This reply was modified 3 months ago by Gustan.
-
Chapter 11 Bankruptcy and Mortgage Eligibility
There are many conflicting answers regarding when to apply for a mortgage after Chapter 11 Bankruptcy. According to HUD guidelines, there is a two-year waiting period after the Chapter 11 Bankruptcy discharge date to be eligible for an FHA loan.
Other Important Key Points on Mortgage After Chapter 11 Bankruptcy:
Waiting Period: A two-year waiting period after the discharge date is required for FHA loan eligibility.
Repayment Plan Guidelines: The Chapter 11 bankruptcy repayment plan should follow guidelines similar to those of Chapter 13 bankruptcy per HUD.
Seeking Confirmation: Further confirmation will be sought from HUD to clarify the exact guidelines.
HUD Contact: We will contact HUD to confirm the exact guidelines and ensure accurate information is provided.
Additional Information: More details will be shared in the coming days. Stay tuned for updates and detailed information regarding Chapter 11 Bankruptcy and mortgage eligibility. If you have any specific questions or need more information, feel free to ask!
https://gustancho.com/chapter-11-bankruptcy/
gustancho.com
Chapter 11 Bankruptcy Guidelines on FHA and VA Loans
Gustan Cho Associates Mortgage Group are experts in helping borrowers qualify for a mortgage during and after Chapter 11 Bankruptcy.
-
Down Payment Assistance for First-Time Homebuyers
Every state in the U.S. has a state housing authority that provides down payment assistance (DPA) programs to help first-time homebuyers with their down payment and closing costs. Depending on the state, county, and city, these programs often have different lending requirements.
Key Points of Down Payment for First-Time Homebuyers:
State Housing Authorities: Each state has a housing authority that offers DPA programs.
Program Variability: Requirements and benefits vary significantly between states, counties, and cities.
Individual State Threads: The individual state threads on the forum will cover detailed information about each state’s DPA programs.
Upcoming Coverage:
We will be covering every state’s down payment assistance program available through their down payment assistance program for first-time homebuyers on the individual state thread of the forum. This will include:
Eligibility Requirements: Income limits, first-time homebuyer status, credit score requirements, and other criteria.
Assistance Details: Amounts available, types of assistance (grants, loans), and repayment terms.
Application Process: How to apply, required documentation, and timelines.
Additional Resources: Links to state housing authorities and other relevant organizations. Stay tuned for comprehensive information on the down payment assistance programs for first-time homebuyers in your state! If you have any specific questions or need information about a particular state, feel free to ask.
https://gustancho.com/down-payment-assistance-mortgage/
gustancho.com
EPM Empowered Down Payment Assistance Mortgage Program
There are recoverable and non-recoverable Down Payment Assistance Mortgage for Homebuyers is offered at Gustan Cho Associates