tag:blogger.com,1999:blog-5837660608809488753.post514221489650809473..comments2024-03-28T20:53:49.167-04:00Comments on The Adventures of Roberta X: If I Was Beside Myself, It Would HelpRoberta Xhttp://www.blogger.com/profile/09956807794520627885noreply@blogger.comBlogger14125tag:blogger.com,1999:blog-5837660608809488753.post-65011008707896685152009-09-06T04:43:17.265-04:002009-09-06T04:43:17.265-04:00Are you still paying PMI on your mortgage? If so, ...Are you still paying PMI on your mortgage? If so, you might run the numbers increasing your property value and therefore lowering your monthly payment. <br /><br />Hang with me on the logic for a moment, here: PMI is mandated as long as your mortgage is a certain percentage of the equity in the house. To reduce the ratio of debt to equity, you can do it the slow way and pay off the mortgage, or see if there's an easy addition (like adding a carport) that will increase the property value of the house sufficiently to get out of PMI payments.<br /><br />It's a double-edged sword since it leaves you with higher property taxes, more often than not (Check whether your property appraisal must be the city's approved work or a bank will accept a private, non-city-hall appraisal in your neck of the woods), but it is a way to stop pouring money down one drain.On a Wing and a Whimhttps://www.blogger.com/profile/00754595334684845895noreply@blogger.comtag:blogger.com,1999:blog-5837660608809488753.post-91891646490914863512009-08-26T13:54:26.691-04:002009-08-26T13:54:26.691-04:00Whoops, my mistake, didn't see that your taxes...Whoops, my mistake, didn't see that your taxes are rolled into your mortgage. So that Alameda County advice won't apply.Davidwhitewolfhttp://www.softgreenglow.com/wpnoreply@blogger.comtag:blogger.com,1999:blog-5837660608809488753.post-24533666102390855212009-08-26T13:48:22.466-04:002009-08-26T13:48:22.466-04:00Also, if the problem is not that you can't aff...Also, if the problem is not that you can't afford the taxes, but rather that you can't afford them right now (but will be able to make them up over say 4-6 months), you could look at the local assessor's actual practice. In Alameda County CA the local assessor doesn't actually file a formal default for six months after taxes are unpaid. So if it was a choice between paying the mortgage or paying the full tax bill, hardship counselors would advise folks to not pay the tax bill but budget to have it paid before the six months were up.Davidwhitewolfhttp://www.softgreenglow.com/wpnoreply@blogger.comtag:blogger.com,1999:blog-5837660608809488753.post-82343561160190736792009-08-26T13:40:38.325-04:002009-08-26T13:40:38.325-04:00If your property tax assessor's office is not ...If your property tax assessor's office is not helpful, you could try the other direction and approach the lender for a mod. Loansafe.org's forums are extremely useful in this regard.Davidwhitewolfhttp://www.softgreenglow.com/wpnoreply@blogger.comtag:blogger.com,1999:blog-5837660608809488753.post-49264466881150647352009-08-26T08:29:49.687-04:002009-08-26T08:29:49.687-04:00Did It My Way, the problem with thinking property ...Did It My Way, the problem with thinking property taxes should be lower this year because home values dropped is that property taxes are paid in arrears.<br /><br />So you are paying <i>this</i> year based on the value of your property <i>last</i> year.<br /><br />Bobbi, I hope you can get some relief, but the Demoncrapic Marion County Assessor is not known to be a merciful person...nor are the people in his office.Fuzzy Curmudgeonhttps://www.blogger.com/profile/03802539927743643041noreply@blogger.comtag:blogger.com,1999:blog-5837660608809488753.post-90752947436162034702009-08-26T01:15:14.215-04:002009-08-26T01:15:14.215-04:00Keep your chin up, beautiful. We are all pulling f...Keep your chin up, beautiful. We are all pulling for you. You'll get through this.samhttps://www.blogger.com/profile/06266828722290789801noreply@blogger.comtag:blogger.com,1999:blog-5837660608809488753.post-31357300184785195512009-08-25T19:58:55.673-04:002009-08-25T19:58:55.673-04:00"Whine" all you want. We've got broa..."Whine" all you want. We've got broad shoulders.Jeffrohttps://www.blogger.com/profile/06873138122305060834noreply@blogger.comtag:blogger.com,1999:blog-5837660608809488753.post-9101424428984972162009-08-25T18:16:31.707-04:002009-08-25T18:16:31.707-04:00Taxes should be questioned due to the drop in valu...Taxes should be questioned due to the drop in values. The assment is for a certain percentage of market value. The market value is in the sink, so taxes for this year should be lower than last year. You are allowed to complain about the assement. I did last year, and they lowered the assement. Good luck!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5837660608809488753.post-3304517388293108962009-08-25T15:35:57.700-04:002009-08-25T15:35:57.700-04:00Hope things work out ok; I paid off my house sever...Hope things work out ok; I paid off my house several years ago, and I'm very glad I did.BobGhttps://www.blogger.com/profile/15405172215849046373noreply@blogger.comtag:blogger.com,1999:blog-5837660608809488753.post-88309089174859633902009-08-25T14:16:28.795-04:002009-08-25T14:16:28.795-04:00If you have a local university near - Okay, a rela...If you have a local university near - Okay, a relative term in the great flatland - with a law school, I'd give them a call, see what they have to say about where to get pro bono advice for struggling homeowners.<br /><br />Dittos on the suggestion of the local community tax department.<br /><br />Then there's having a chat with your local city councilman, county commissioner, their staffs, and even your member of the House of Representatives and/or your US Senator's office. The local hippies use these resources, you might get some of your tax dollars' worth out of them.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5837660608809488753.post-65347258217952689862009-08-25T12:45:57.760-04:002009-08-25T12:45:57.760-04:00Hard times indeed.
If you worked on hourly, you ...Hard times indeed. <br /><br />If you worked on hourly, you could get more cash based on the overtime you work; if you couldn't get overtime at least you could get a side gig- delivering -papers if need be, every dollar helps. being salary (and I may be making an erroneous assumption by assuming you are)means neither option is available. That's where I'm stuck myself. Best of luck, and hope for a lotto win.oghttp://www.neanderpundit.comnoreply@blogger.comtag:blogger.com,1999:blog-5837660608809488753.post-85506598386168213912009-08-25T10:09:43.428-04:002009-08-25T10:09:43.428-04:00I'm no financial guy so all I can do is wish y...I'm no financial guy so all I can do is wish you good luck. Keep at it!Tango Juliethttps://www.blogger.com/profile/07593296126387219845noreply@blogger.comtag:blogger.com,1999:blog-5837660608809488753.post-80214803906098507812009-08-25T09:24:08.964-04:002009-08-25T09:24:08.964-04:00I'm sympathetic. We're trying to re-fi ri...I'm sympathetic. We're trying to re-fi right now, but housing prices have dropped and I'm not sure if we're upside down or not... if we are, no one is going to lend us more than the house is worth, so we'll get to keep paying a higher interest rate on a house that isn't worth as much as we owe on it.<br /><br />The appraiser comes today.<br /><br />I hope you do ok.perlhaqrhttps://www.blogger.com/profile/01920117742664645165noreply@blogger.comtag:blogger.com,1999:blog-5837660608809488753.post-23088396750585173192009-08-25T08:44:28.178-04:002009-08-25T08:44:28.178-04:00Good Morning Roberta - I strongly recommend approa...Good Morning Roberta - I strongly recommend approaching your local communities tax department and talking to them about the situation. I'd be suprised if they weren't willing to work out something, in some way, to help you out. It may mean some monies are paid out over time with some interest but that's a lot better situation than scrambling to come up with a load of money all at one time - Good LuckChrisnoreply@blogger.com