property taxes: Escrowing for Property Taxes and Hazard Insurance - 04/20/08 02:18 AM
I received a call recently from a past client who was asking about her escrow for tax and insurance. She had been talking with a friend who suggested to her that she try to close the escrow account and pay her property taxes and hazard insurance separately on their own. Her friends biggest reason for this was her belief that the lender is earning interest on your money, instead of you. Here are a few of the reasons why I suggested that she was better off escrowing taxes and insurance; 1. Most lenders will charge a slightly (.125 - .25%) higher … (6 comments)

property taxes: Will Falling Home Prices Mean Lower Property Taxes? - 08/29/07 03:51 AM
Well if there is any silver lining in the current home market it is that falling home prices should lead to lower property taxes right?  We'll see.  It is pretty unlikely that the counties are going to be quick to spend the money to re-value anyone's home only to find out that the county is going to receive less in property taxes.  It is going to be up to us, the home owners to do our own checking and if there is a glaring discrepancy, we'll need to get a new appraisal and go to the county to ask for an … (0 comments)