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Mortgage Professor about property taxes: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
How Can I Avoid Escrows on My Mortgage?
February 8, 1999 "Is it wise to try and get the lender to waive the requirement that taxes and insurance premiums be placed in escrow? I would rather manage that money myself and earn the interest on it. How do I negotiate ... more... Qualifying For a Mortgage December 12, 2000 Most potential borrowers are nervous about getting a mortgage loan because they share a widespread misperception: the misperception is that they have no bargaining power relative to lenders, and therefore must approach them ... more... |
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property taxes related definitions |
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Tax Sale
Tax Sale Property on which current county taxes have not been paid is "sold to the state." At this stage no actual sale takes place - the title is transferred to the state and the owner may redeem it by paying taxes, penalties and costs. If it has not been redeemed ... more... Closing Closing The meeting between the buyer, seller and lender or their agents where the property and funds legally change hands. Also called settlement. Closing costs usually include an origination fee, ... more... |
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