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6 Comments
how does this make sense? if you agree to a purchase price, finance at said price, the bank cant say hey the value of the house went up so we are charging more?! dude should be able to sell the house at a profit.
It doesn’t always work that way I remodel my backyard paid cash for it within six weeks of completion. They rose my property tax so I believe it.
Greed
By the counties appraising houses for exuberant amounts of money, they raise your property taxes to match.
You actually have a few options. 1 rent the whole house to a family, 2 talk with your lender and see how much of a difference it will make if you paid 1/2 house payment on 1st, and 2nd half on the 15th. 3 shop around for better insurance, raise your deductible, 4 try to sell it for what it appraises for now. 5 stop making house payments. It usually take 1yr or more before your mortgage can start and complete a foreclosure, so save all that money and put it in an account that you do not take from. That money will be used to start again. It will give you a red check mark... or take a personal loan for the amount you owe abd find your own insurance that you pay once a year, same as taxes. if you decide to let the house be repo'd DO NOT MOVE OUT UNTIL THE SHERRIF MAKES YOU. THis a big mistake a lot of people make, they decide to let the house go into foreclosure, but move out immediately into a rental and keep spending money on rent when they could live free for a yr or more.