Tax Valuation Appall .... Um I mean Appeal - 01/03/12 11:21 AM
I was browsing Trulia today and stumbled upon their Value Appeal feature.


Whoa! Apparently Trulia is now in the business of scrutinizing the tax assessors valuations. Using homes within close proximity and/or tax card info to compare the home to be "evaluated" they determine if the homes value is inflated by the assessors office. They offer consumers a kit for $99 to "appeal" their tax valuation and ... wait for it ... offer continued MONITORING for tax assessments in the future. Since tax assessment are only performed about every 5 years in our market, I can’t imagine this … (2 comments)

HUD Extends Anti-Flip Rule through December 31, 2012 - 01/02/12 12:05 PM
Kudos to HUD for extending the Anti-Flip Rule to December 31, 2012. As we know it is possible to acquire homes, complete the rehab and sell them prior to the 90 day wait period. Often these homes are in price range where FHA will be the best financing option for the new buyer. Without the extension, investors must wait 90 days to sell to a buyer using an FHA loan. This creates additional holding cost for the investor and can kill a potential sale. This extension will also help communities experiencing high foreclosures. FHA loans are sometimes the only viable option … (3 comments)

HUD Extends Anti-Flipping Rule through December 31, 2012 - 01/02/12 11:46 AM
Kudos to HUD for extending the Anti-Flip Rule to December 31, 2012. As we know it is possible to acquire homes, complete the rehab and sell them prior to the 90 day wait period. Often these homes are in price range where FHA will be the best financing option for the new buyer. Without the extension, investors must wait 90 days to sell to a buyer using an FHA loan. This creates additional holding cost for the investor and can kill a potential sale. This extension will also help communities experiencing high foreclosures. FHA loans are sometimes the only viable option … (2 comments)

 
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Trena Daignault

Fayetteville, NC

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Keller Williams Realty

Address: 639 Executive Pl. Suite 100, Fayetteville, NC, 28305

Cell Phone: (910) 850-5752

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Fayetteville NC real estate and mortgage information. Home sale trends and real estate market news. Local business openings and events including museums, markets and more! Events in and around Fayetteville NC including Ft. Bragg NC.


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