The past owners no longer live in the property and the bank has cleaned up the property and normally listed it with a realtor.Many of the issues that an inspection will turn up (plumbing or electrical issues) are not going to be assessed with REO's because the utilities are turned off with REO's.

In addition, the commission may assess costs and attorney fees against the unlicensed person found to have been engaged in real estate activity without a current license.C.

Federal Reserve reduced its economic outlook for 2009.The central bank said it expects some business conditions to improve in coming months, but it also lowered its assessment of the economy for the full year and said unemployment could reach nearly 10 percent.I'm shocked!

If not kept up, the board,via the ccrs, bylaws, or other documents, has the "right" to trespass and clean up a property, then bill the homeowner, and that amount is being tacked onto their assessment, NOW it can be liened.

Every few years, the county will "re-assess" your property and come up with a new value.

Highlights of the new regulations include:--A Form 668, Notice of Federal Tax Lien, may be filed either in paper form or electronically;--With regard to a Notice of Federal Tax Lien that includes a certificate of release, failure to timely refile the Notice in any jurisdiction where it was originally filed would extinguish the lien;--A purchaser of property in a casual sale is protected against a filed tax lien if the sale price is less than $1,000 (adjusted for inflation - $1,320 in 2008);--A holder of a mechanic lien is protected against a filed tax lien with respect to residential property in an amount up to $5,000 (adjusted for inflation - $6,600 in 2008);--Household goods are exempt from levy to the extent they don't exceed $6,250 in value (indexed for inflation - $7,900 in 2008);--The regulations indicate that there is generally a 10-year period (reflecting the period in Code Sec. 6502 ) for instituting a proceeding in court or serving a levy to collect a properly assessed tax.Preamble to Proposed Regulations 4/16/08; Prop Reg § 301.6323(b)-1 , Prop Reg § 301.6323(c)-2 , Prop Reg § 301.6323(f)-1 , Prop Reg § 301.6323(g)-1 Labels: Levies, Liens

HELOC for 75% of assessed value based on county assessors page (15 year draw). 2.

For reference, according to tax record the house was sold in December of 2005 for $88,000. 2008 Tax assessed value is $65,500, Cyberhome estimate is $82,863.

The other shoe waiting to drop in condos is a special assessment.

Is it possible to wholesale a REO property for more than double of what you have it under contract for with out doing any fixing as long as there is enough equity. example: 1) Put REO under contract for 30k.2) House Assessed value is 110k3) I want to sell it for 70k.Is this possible, or does it depend on the buyers lender.