[pencilneck]

The twist is that that the mortgage modification offer was just another loan. I never looked into the details of these, so this is new to me.

The Wall Street Journal ran a better article on Saturday:

In a report to Congress on Oct. 26, Mr. Barofsky concluded that some borrowers seeking loan modifications through HAMP might wind up “worse off than before they participated.” Back payments, penalties and late fees triggered when homeowners are rejected for a permanent fix can push some borrowers over the edge, he said.

http://online.wsj.com/article/SB10001424052748704805204575594453938527666.html

[pencilneck]

The twist is that that the mortgage modification offer was just another loan. I never looked into the details of these, so this is new to me.

The Wall Street Journal ran a better article on Saturday:

In a report to Congress on Oct. 26, Mr. Barofsky concluded that some borrowers seeking loan modifications through HAMP might wind up “worse off than before they participated.” Back payments, penalties and late fees triggered when homeowners are rejected for a permanent fix can push some borrowers over the edge, he said.

http://online.wsj.com/article/SB10001424052748704805204575594453938527666.html

[pencilneck]

The twist is that that the mortgage modification offer was just another loan. I never looked into the details of these, so this is new to me.

The Wall Street Journal ran a better article on Saturday:

In a report to Congress on Oct. 26, Mr. Barofsky concluded that some borrowers seeking loan modifications through HAMP might wind up “worse off than before they participated.” Back payments, penalties and late fees triggered when homeowners are rejected for a permanent fix can push some borrowers over the edge, he said.

http://online.wsj.com/article/SB10001424052748704805204575594453938527666.html

[pencilneck]

The twist is that that the mortgage modification offer was just another loan. I never looked into the details of these, so this is new to me.

The Wall Street Journal ran a better article on Saturday:

In a report to Congress on Oct. 26, Mr. Barofsky concluded that some borrowers seeking loan modifications through HAMP might wind up “worse off than before they participated.” Back payments, penalties and late fees triggered when homeowners are rejected for a permanent fix can push some borrowers over the edge, he said.

http://online.wsj.com/article/SB10001424052748704805204575594453938527666.html

[pencilneck]

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[pencilneck]

I hugely recommend Mary Jane Harris of Remax. She specializes in more or less central San Diego.

Del Cerro, San Carlos, La Mesa have a lot of foundation issues and she has a great eye for potential problems. She advised my wife and I to avoid several homes we would have made offers on, saving us bundles of money and a lot of wasted time.

Her website:
http://www.maryjaneharris.com/

She’s a brilliant, wonderful woman who really knows her stuff. And she was very patient with an uber-bear first time buyer such as myself. I can’t recommend her strongly enough.

[pencilneck]

I hugely recommend Mary Jane Harris of Remax. She specializes in more or less central San Diego.

Del Cerro, San Carlos, La Mesa have a lot of foundation issues and she has a great eye for potential problems. She advised my wife and I to avoid several homes we would have made offers on, saving us bundles of money and a lot of wasted time.

Her website:
http://www.maryjaneharris.com/

She’s a brilliant, wonderful woman who really knows her stuff. And she was very patient with an uber-bear first time buyer such as myself. I can’t recommend her strongly enough.

[pencilneck]

I hugely recommend Mary Jane Harris of Remax. She specializes in more or less central San Diego.

Del Cerro, San Carlos, La Mesa have a lot of foundation issues and she has a great eye for potential problems. She advised my wife and I to avoid several homes we would have made offers on, saving us bundles of money and a lot of wasted time.

Her website:
http://www.maryjaneharris.com/

She’s a brilliant, wonderful woman who really knows her stuff. And she was very patient with an uber-bear first time buyer such as myself. I can’t recommend her strongly enough.

[pencilneck]

I hugely recommend Mary Jane Harris of Remax. She specializes in more or less central San Diego.

Del Cerro, San Carlos, La Mesa have a lot of foundation issues and she has a great eye for potential problems. She advised my wife and I to avoid several homes we would have made offers on, saving us bundles of money and a lot of wasted time.

Her website:
http://www.maryjaneharris.com/

She’s a brilliant, wonderful woman who really knows her stuff. And she was very patient with an uber-bear first time buyer such as myself. I can’t recommend her strongly enough.

[pencilneck]

I hugely recommend Mary Jane Harris of Remax. She specializes in more or less central San Diego.

Del Cerro, San Carlos, La Mesa have a lot of foundation issues and she has a great eye for potential problems. She advised my wife and I to avoid several homes we would have made offers on, saving us bundles of money and a lot of wasted time.

Her website:
http://www.maryjaneharris.com/

She’s a brilliant, wonderful woman who really knows her stuff. And she was very patient with an uber-bear first time buyer such as myself. I can’t recommend her strongly enough.

[pencilneck]

I think part of this depends on the improvements.

It seems to me that the property should be assessed more or less as it was when the property changed hands. $80k in improvements shouldn’t be a part of the original assessment.

Unless the $80k in improvements were new construction (or of an extent that would trigger reassessment). If you added to the house, then yes the addition should be assessed at fair market value. $80k in construction could easily raise the fair market value more than $80k. Although it still seems unlikely that $80k in construction would add $350k in value.

Keep in mind that I know next to nothing about appraisals or tax law. Just enough to get myself into trouble.

[Author]

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