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Outer Banks, NC
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Outer Banks, NC

 


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NEW ALLEGHENY
ASSESSMENTS!!

Don't be left holding the bag! With the Court ordered re-assessment, many homeowners are going to be in SHOCK when they receive their value from the County. While Allegheny County is re-assessing the 550,000 some odd properties, the comparable sales they are using are older sales. This means, that although many of our local neighborhoods have begun to drop in value just recently, the value the County will be putting on your property may very well not reflect this drop.

As a property owner, you have the right to appeal current value according to recent Court Rulings if the value of your property has decreased from the time of assessment. Additionally, certain types of properties have inaccurate data which the taxing bodies use in their favor to raise your assessment.

DON'T LET THIS HAPPEN TO YOU!

For more information on how to be pro-active and to defend yourself, you can call us for a free consultation at
412-831-1500

More info...

 

WARNING!

HVCC & YOU!

On May 1, 2009 the HVCC was initiated throughout the Country on every mortgage transaction that involves an appraisal that is sold to Fannie Mae and Freddie Mac. This involves all conventional loans which prior to the present meltdown was approximately 70% of all lending. With the banking system crippled, conventional loans seized up and nearly came to a halt. Presently, the conventional mortgage market is still trying to get back on its feet albeit very slowly and cautiously. Then there is the HVCC.

The HVCC came about due to pressure put on an appraisal management company called eAppraiseIT by a large mortgage lender Washington Mutual in the State of New York. The Attorney General of New York created the HVCC. To stay out of litigation (even though not directly involved), the appellant in the case (The State of New York) arranged to have Fannie Mae (FNMA) sign an agreement that all loans placed through FNMA & Freddie Mac would have to adhere to this new HVCC.

“We knew this was causing extreme hardship to the industry, but we didn’t expect to get thousands of horror stories from would-be homebuyers whose dreams have been dashed by this well-intended, but misguided policy. Every day thousands of people are getting the rug yanked out from under them in their quest to become homeowners because of HVCC. You only need to go to our petition website to read the stories for yourself,” said Kearns.

 READ MORE...

 


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