1. What is really crazy is that this article was posted on the Detroit News website today while I wrote an article about a new way to collect property taxes yesterday. In this article it states that the County Commissioner of Macomb County is suggesting to raise property taxes by almost 25% to make up for a [...]
1. Right now around the country your home is taxed based on a percentage of what the value or home is worth based on what the county assessor thinks it is worth. As an example lets say your local county government has a property tax of 1% and your home was assessed at $300k. You would pay [...]
1. In most instances homes usually can have two mortgages placed as a lien against a property. Under normal conditions you can have a first mortgage and a second mortgage. Some companies during the refi boom were putting a third lien against the property. Local banks and credit unions were the ones that did the third [...]
