Your objective assessment is much appreciated.Forgive me if this is a silly note newbie observation and question, but it seems that a note with a lot of equity and lower balance is safer and less likely to be defaulted on - What am I not understanding or overlooking about why that isn't necessarily so?

If you need info on a particular property, the municipality will be happy to tell you their rates and assessments.

If they haven't budgeted correctly, you can be have a special assessment to pay for needed repairs.

What should a comprehensive presentation plan for your lender include so they know you have all your ducks in a row?

I could be all sorts of wrong with my assessment but I’m intensely intrigued on what others say, could be a solid area to consider that’s set apart from the crowd.

The tax assessment is at 75k and did not reset when it was sold in 2018 for 200k.

The fee schedules are fairly comprehensive and fees add up quickly for higher value accounts or those with transaction-heavy real estate investments.2.

My comprehension amounts to this example.120k home purchased. 100k loan + 20k down.

The property was flipped by the previous owner with the assessed tax value being 1/3 of my purchase price.My lawyer is trying to negotiate a settlement but the tax assessor is not returning messages.Curious to see if anyone has run into this issue and any good tips I can employ here to keep the assessed value reasonable. 

I recommend documenting everything -and hopefully you took photos as well - and then assessing a value to it.