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Forget Batman. This "HERO" is NOT the One the City Deserves Nor Needs

"You either die a Hero, or live long enough to see yourself become the villain."
You may or may not have heard about the uproar being dealt with over the famous (and now infamous) H.E.R.O. program.  But it's become more and more of an issue in recent months as home values continue to rise and homeowners are wanting to cash-in on the new equity before it's too late.  It appears for now that the program, which was once hailed as a "hero" to homeowners is being looked at closely as possibly now being...a villain.
H.E.R.O., the Home Energy Renovation Opportunity, came about to assist homeowners in obtaining energy efficient repairs & upgrades to their existing home without large out of pocket expenses.  The total amount for the repairs/additions are attached to the property taxes and are paid for over time.  Sounds good.  But for many homeowners, it can be a problem if they ever want to refinance or sell their home.  The loan takes a first-lien position on the home, meaning that if the home is sold or refinanced, the H.E.R.O. loan stays with the house as number one with the taxes.  Not a problem if you have a great low interest rate and ... more

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