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:: three basic things you possess to know. ::

 
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MessagePosté le: Mer 20 Sep - 08:54 (2017)    Sujet du message: three basic things you possess to know. Répondre en citant

Economic Outrage – Real Estate http://www.teamnflseahawksshop.com/women-richard-sherman-jersey/ , Property Taxes and the Bailout Economic Outrage – Real Estate, Property Taxes and the Bailout May 28, 2013 | Author: George Evers | Posted in Business Are we missing the outrage for being sold down the river by a ship steered by fools in the mortgage crisis? Even our choice for presidential candidates show heavily embedded lobby and financial interests for a Marxist socialist solution or a watered down free market solution. Both are sleepwalking in lobby money and favoritism.

Unqualified buyers were encouraged into home mortgages, the root cause for the financial meltdown. Our financial subprime woes started with Jimmy Carter who, though well meaning http://www.teamnflseahawksshop.com/women-rees-odhiambo-jersey/ , dumb-headedly enacted legislation to entice loans to people who were bad credit risks. Purchasing a home and paying property taxes was supposed to be the cure all for financial happiness and getting ahead. His administration began distancing itself from sound lending and accounting standards.

Along came Bill Clinton who put extra penalties in the law by chastising mortgage and investment companies that did not extend credit to people who were bad credit risks. He put them into homes they couldn’t afford let alone deal with the property taxes. A further deregulating and credit risk was encouraged by mortgage companies; those that didn’t comply to lose lending practices were hampered from expanding their footprint in the community.

Fannie Mae and Freddy Mac bought these loans, repackaged these loans and sold them on the open market. They sent hundreds of millions of dollars by their lobbies to politicians that in order to continue this masquerade.

AIG and other insurance companies insured these loans. Their chief fuction is to evaluate and insure against debt risk. Their leverage was set at 12 to 1 meaning that they had to have one dollar in assets to cover 12 dollars or risk. They threw millions of lobby money to leveraging its recirculation rate at a reserve rate of more than 30-1. With such a high-risk and profit expansion levels, any big bump in real estate valuation put those assets in jeapordy.

This fraud was given the stamp of approval by chief economists Greenspan and Bernanke and the ship of fool’s balloon took off. Socialist organizations such as Acorn (Association of Community Organizations for Reform Now) and other similar groups pressured banks into giving even more misguided loans.

SEC Chairman, Banking Committee Chairman, The House Finance Chief and scores of public official’s rubber stamped this cancer because of the easy lobby money directed at them. Greed for lobby money tempers sound judgment it seems. The only way to end this type of self perpetuating system is to put anyone who accepts lobby money into prison and banish them from government service.

A balloon full of hot air eventually has to crash. Instead of letting the markets sort this out http://www.teamnflseahawksshop.com/women-paul-richardson-jersey/ , bailout is the new mantra. The global credit boom is OVER. Throwing out 700 billion dollar band aids laden with lobby inspired pork on the issue is meaningless. There is little the Fed or Congress can do to change it. Thanks to the weasels the Emperor has no clothes. The danger of ignoring economic realities is how we ended in this financial crisis. Where is the outrage?

The other news: Lower real estate prices has many towns raising tax rates to compensate for lower assessments. If you compare your home’s value to comparative values of recently sold homes there is a good chance you qualify for a property tax appeal. At least, you should investigate whether you have a case.

A property tax consulting business coarse from PropertyTaxConsult renders an outstanding approach to lower taxes in addition to produce reduction to those overcharged.

Before you accept the accuracy in checking the correctness of your assessment, look into and read up on a a property tax guide. Learn how to make a property tax appeal and win and continue to actually minimize and trim your property tax for years in the future. Only those who challenge their tax get a reduction.
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