Late one afternoon, I get a phone call from my first-time buyer who closed in October of 2008. He says that he received a letter to pay $25 to have his property reassessed.Property purchase was 250,000 it was valued at 535,000. I asked him to read the letter which he did. Luckily, I had watch a news report on 60 minutes that talked about a person that was charged $125 in Los Angeles California. The letter looked like a government letter but the tell tell sign was the letters "Inc" or "Corp" and the return address was not to the assessor's office but to a P.O Box.
Sure enough my clients address match the criteria that it was a fake letter. I reminded him that we went online to apply for a reassement of his property soon after he purchased the property. I walked him online of off my Website.
30 minutes later another client that closed a little bit before him call regarding the same fake letter. I explained the same thing as I did to my first client. after my conversation with the second client I called everyone that I've worked with to purchase, refinance, and or did a loan modification. To Aler them of this new occurrence.
Please spread the word from Dick Larsen our Sanbernardino California Assesor in the news report , he says that reassesing property values is free do not pay anyone.
Why do you ask, should my client make sure that the property is reassesed, 1.25 % of $250,000 compare to $535,000 it is about a $300 dollar difference in monthly payment for taxes in your p i T i.(principal, interest, TAXES, insurance)
For the San Bernardino County go to my website http://www.ninaerbst.com/501.html, select seller/homeowner tab scroll down to icon (where comment says prop8 application to reassess your property.) Click icon where you can now have your client reassess their property online or by mail it's easy and free
or you can Google me @ www.ninaerbst.com and follow above instruction.