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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...

property taxes related definitions

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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For Sale in Ridgefield
Ridgefield Connecticut, located near the New York border, is a small, quiet town, and a great place to live. There are many types of homes that are for sale in Ridgefield, including luxury homes. Because Ridgefield is on the New York border, and has a train station with a train that goes into New ... more...

Think You Cant Afford Your Own Home, Think Again!
Do you have bad credit, no credit, filed a bankruptcy, have a ton of late pays, medical bills, or been through a divorce? Well, we have the perfect solution for you - Lease Purchasing your own home!What is Lease Purchasing?A Lease Purchase is a process that combines a basic rental lease with an ... more...

Sticking With Some Home-buying Rules Makes Sense
Buying a home is a part of most people's lives. It fits right into our finances with saving for retirement and health insurance. It is simply a part of our finances.You can turn to a lot of places for advice when buying a home. You can talk to a realtor, a mortgage lender or even your family. But ... more...

Escrow Accounts, Do You Absolutely Need One?
With escrow accounts the money for your home insurance and property tax is added to your monthly mortgage payment and is paid out each year. With that said, you may think that having an escrow account takes the responsibility off your shoulders because the bank will make the payment for you each ... more...

How Home-Based Businesses Can Avoid Giving Uncle Sam More than His Share
How Home-Based Businesses Can Avoid Giving Uncle Sam More than His Share By Darren Oliver With the rush to file your taxes by April 15th, you probably did not consider the possibility that you overpaid. According to the General Accounting Office, in 1998 alone, there was $311 million paid ... more...

10 Important Tips to Successful Real Estate Investing
When it comes to investing, everybody has certain goals and aspirations. However, we have found that there are certain guidelines every aspiring real estate investor needs to know:1. Compare Property Values and RentsFinancial statistics only go so far; the best measure of a property's market value ... more...

When Does it Pay-Off to Obtain a Home Mortgage?
If you are in dire need of money and don't have the financial means for a large cash transaction to buy a house, then opting for a home mortgage is worth consideration.Basically, a mortgage refers to a long-standing credit that a debtor obtains from a financial institution or from a property seller ... more...

When and How Does it Pay-Off to Obtain a Home Mortgage?
f you are in dire need of money and don't have the financial means for a large cash transaction to buy a house, then opting for a home mortgage is worth consideration.Basically, a mortgage refers to a long-standing credit that a debtor obtains from a financial institution or from a property seller ... more...

The Many Benefits Of Lease Purchasing
Lease Purchasing affords wonderful benefits and opportunities to sellers, buyers, investors and those who would like to operate a home-based business. Lease Purchasing allows you to control property without ownership which has benefits for all. What Is A Lease Purchase? A Lease Purchase is a ... more...

Filling Out The Loan Application
1. Property information. The application begins with a section on the property. Questions as to the type of loan sought, the terms of the loan, location and legal description of the property, the property's value, and the manner of taking title must be completed. This information is used to ... more...

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