...costs, such as a mortgage, insurance, and property taxes. Westchester County, New York, fared the worst with 77.1% of local wages necessary to cover these costs. In Rockland County, New...
Read More »Search Results for: property taxes
The Week Ahead: Financial Service’s Hearing on CARES Act
...hold the borrower's funds. However, when borrowers stop making payments on their mortgages, servicers lose this secondary revenue source, but still must pay insurance premiums and property taxes on behalf...
Read More »Assisting Homeowners Coming Out of Forbearance
...had kicked into gear, these property values had gone up and started to de-value, which kind of snowballed and led us into the recession. Probably people that shouldn’t have been...
Read More »Where Renting is More Appealing Than Homeownership
...buying a home and building equity or renting the same property and reinvesting the money they would have spent on ownership, such as taxes, insurance, and maintenance." The index takes...
Read More »Illinois Delinquencies Poised to Increase
...with a mortgage pays $4,900 in property taxes on their $203,400 home, a property tax rate of 2.4% (the WalletHub survey includes those without a mortgage and shows Illinois’ property...
Read More »Mortgage Servicers on the Wrong End of CARES Act
...interest while they hold the borrower's funds. However, when borrowers stop making payments on their mortgages, servicers lose this secondary revenue source, but still must pay insurance premiums and property...
Read More »$200B in Housing Assistance Included in Proposed HEROES Act
...payments, property taxes and insurance, utilities, and other costs. Also, mortgage holders would receive protections against forbearance for a period of 12 months, and forbearance would automatically be provided for...
Read More »The Future of Auction Sales
...inherently destabilizing to a neighborhood because they typically are properties with deferred maintenance and unpaid property taxes. This creates a drag on surrounding home values and lowers revenue for local...
Read More »How Best to Avoid Landlord Mortgage Delinquency
...for Metropolitan Housing and Communities Policy at the Urban Institute, according to a Forbes article. “Landlords pay state and local government taxes, which fund schools, libraries and parks. To prevent...
Read More »More Opportunities for Real Estate Investors
...Reform, in an article published Wednesday in Real Clear Markets. The Foreign Investment in Real Property Act places higher taxes on foreign real estate investors than domestic investors. The act...
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