This was done to protect senior citizens on fixed incomes from being forced to sell their homes due to unaffordable property tax increases.Since the passing of this amendment, all properties in Michigan have two property tax values associated with them:State Equalized Value (SEV): supposedly equal to 50% of the market value of a property, not based on recent sales price.Taxable Value: the SEV annually capped as long as there is not a transfer of ownership.City Assessors are charged with determining how much property values have changed each year.

I helped a young guy buy a home who was fresh out of high school and he was able to use his Junior and Senior year as employment history.

New York, NY 10166 PH: 212.578.2211 www.metlife.com/realestate Officers: Robert Merck, Senior Managing Director, Real Estate Investments; Mark Wilsmann, Managing Director, Real Estate Investments4.

US citizens have to file their taxes in the US no matter what, but from my understanding you can write off up to $90k/year ($180k if married) in foreign earned income.

Responding to @Wayne Brooks's ping.Use the fax number or email you have and type of a letter to include with the Sheriff's Deed requesting a payoff for the senior lien.  

I'm attempting to educate myself on what's possible regarding developing a new low income senior multifamily property (not assisted living, memory care, etc.).  

If every 3rd generation US citizen (my grandfather was a WWI vet) would leave the country everytime the government does something they disagree with, or an election comes out against their voting record, then I am curious how many people would be inhabiting this country?

Without limiting care, raising taxes, assisting in (or forcing) the euthenasia of seniors, or actually forcing individuals to use the system as a temporary last resort (and thereby alienating voters) it is destined to fail.

I have a party which is an offshore company, owned by a US Citizen which is proposing to purchase a property, but refuses to sign a hud or pay taxes...... it just does not pass the smell test.... any comments?

CRA Loans Not Responsible for Credit Meltdown The Clinton Administration urged expansion of home ownership, and CRA loans were ONE WAY of accomplishing that goal, but the responsible underwriting guidelines of so called "geo-code" loans--that is, loans for houses in ZIP Codes identified as populated by low-to-moderate income citizens--take CRA loans squarely outside the definition of "The Mess We're In Now."