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Homeowners, commercial property owners, need to know future tax obligations

Reducing taxes is attractive for those who pay and the GOP plan is good for business, bad for homeowners. Conceptually, it is very simple however: property tax revenue results from assessed valuations multiplied by tax rates.

The problem is the government spends money and then expects taxpayers to pay, similar to a spendthrift college student with a parent’s credit card.

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Waking up from an investment fraud nightmare

The financial crisis has not only battered home values and investment portfolios, it has exposed major investment frauds. Many of those schemes unraveled as the cash needed to keep the perpetrators afloat dried up and investors began demanding their money. Here’s one story about how attorneys in private practice and working at public agencies have successfully recovered investors’ losses.

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Foreclosure halt offers hope to AZ homeowners (access required)

The moratorium on foreclosures on homes belonging to families like the DeVolls could have a roller-coaster effect on the Arizona housing market, where in September alone 17,117 homes — one in every 159 residential properties — were either scheduled for foreclosure or went through one, placing the state as second in the nation in the foreclosure rate.

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BofA halts foreclosures in 50 states

A mushrooming crisis over potential flaws in foreclosure documents is threatening to throw the real estate industry into chaos, as Bank of America on Friday became the first bank to stop taking back tens of thousands of foreclosed homes in all 50 states.

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