..."Major home ownership costs (mortgage, property taxes and insurance) consumed more than 30 percent of average local wages in 35 of the 50 counties that were most vulnerable to market...
Read More »Search Results for: property taxes
How Mortgage Delinquencies Could Impact Property Taxes
...defaults and forbearances, overall property tax collections saw minimal decline. "Mortgage servicers are obligated to advance property taxes when a borrower is not making mortgage payments and, due to the...
Read More »Housing Investors Face Risk of Foreclosure
...property taxes, maintenance costs, and other property-related expenses. Relative to larger, corporate landlords, mom and pop landlords likely have fewer resources to withstand long delays or significant reductions in rental...
Read More »CDC-Issued Eviction/Foreclosure Moratorium Targeted by Lawsuits
...the CDC "encroached on private property rights" and that "federal agencies do not have powers to waive state laws," according to Forbes. Members of the rental housing industry told the...
Read More »Despite Protections Mass Evictions Are Predicted
...property taxes. Many also pay for utilities. Keeping non-paying tenants around can incur operating costs without generating any revenue. With a shortage of housing inventory, landlords also understand they could...
Read More »The Housing Industry’s Mixed Reactions to New Eviction Moratorium
...pressures and obligations of rental property owners. “Without mortgage forbearance protections and protections from other property-level financial obligations such as property taxes, insurance payments, and utility service, the stability of...
Read More »CDC Orders Temporary Halt to Residential Evictions
...must assert they are incapable of paying their rent or are likely to become homeless if kicked out of their property. The publication went on to report, this afternoon, that...
Read More »HUD, White House Pen Op-Ed on ‘Defending Suburbs’
...federal money to pressure it to raise property taxes and build nearly 11,000 low-income, high-density apartments.” The op-ed also criticizes similar pushback against single-family zoning in areas such as Minneapolis,...
Read More »Single-Family Rental: Opportunity for Sale?
...tenant in another, other owners will have two ADUs on one property and will live somewhere else. ADUs cannot be bought or sold separately from the main property. Scaling an...
Read More »Working to Prevent HECM Foreclosures
...bill that required reverse mortgage lenders to provide supplemental consumer protection materials to prospective borrowers while added new restrictions on lenders regarding their payment of insurance premiums and property taxes....
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