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UCGal
ParticipantI don’t think doing a refi or HELOC triggers a reappraisal – but completing permitted work can. And a lot of people do refi’s or HELOCs to buy themselves additions fancier kitchens.
We had a HELOC for part of our companion unit funding… it was paid off before we got occupancy. The HELOC never triggered a tax change. Getting occupancy definitely did. We’ve refi’d since then (no cash out, though.) and that didn’t trigger anything.
A friend had a similar situation – did an addition on their house – got hit with a tax bill once it passed final inspection.
UCGal
ParticipantI don’t think doing a refi or HELOC triggers a reappraisal – but completing permitted work can. And a lot of people do refi’s or HELOCs to buy themselves additions fancier kitchens.
We had a HELOC for part of our companion unit funding… it was paid off before we got occupancy. The HELOC never triggered a tax change. Getting occupancy definitely did. We’ve refi’d since then (no cash out, though.) and that didn’t trigger anything.
A friend had a similar situation – did an addition on their house – got hit with a tax bill once it passed final inspection.
UCGal
Participant[quote=Allan from Fallbrook]
UCGal: Ah. Hey, I’m a guy! Since when did we ever pay attention?
[/quote]LOL. That sounds like a line my hubby would use.
UCGal
Participant[quote=Allan from Fallbrook]
UCGal: Ah. Hey, I’m a guy! Since when did we ever pay attention?
[/quote]LOL. That sounds like a line my hubby would use.
UCGal
Participant[quote=Allan from Fallbrook]
UCGal: Ah. Hey, I’m a guy! Since when did we ever pay attention?
[/quote]LOL. That sounds like a line my hubby would use.
UCGal
Participant[quote=Allan from Fallbrook]
UCGal: Ah. Hey, I’m a guy! Since when did we ever pay attention?
[/quote]LOL. That sounds like a line my hubby would use.
UCGal
Participant[quote=Allan from Fallbrook]
UCGal: Ah. Hey, I’m a guy! Since when did we ever pay attention?
[/quote]LOL. That sounds like a line my hubby would use.
UCGal
ParticipantI worked for Wawanese years ago (late 1979/80 time frame). Wawanesa used to require their insureds to sign “exclusions” if there was a less desirable driver in the household. This was used in roommate situations or one example I remember – a household with a 16 year old unlicensed driver, who’d already gotten in an accident. The parents had to sign a form specifically saying that if the kid were driving, it wouldn’t be covered.
Not sure how well these forms would/did hold up in court.
I suspect they’re still using these exclusions.
UCGal
ParticipantI worked for Wawanese years ago (late 1979/80 time frame). Wawanesa used to require their insureds to sign “exclusions” if there was a less desirable driver in the household. This was used in roommate situations or one example I remember – a household with a 16 year old unlicensed driver, who’d already gotten in an accident. The parents had to sign a form specifically saying that if the kid were driving, it wouldn’t be covered.
Not sure how well these forms would/did hold up in court.
I suspect they’re still using these exclusions.
UCGal
ParticipantI worked for Wawanese years ago (late 1979/80 time frame). Wawanesa used to require their insureds to sign “exclusions” if there was a less desirable driver in the household. This was used in roommate situations or one example I remember – a household with a 16 year old unlicensed driver, who’d already gotten in an accident. The parents had to sign a form specifically saying that if the kid were driving, it wouldn’t be covered.
Not sure how well these forms would/did hold up in court.
I suspect they’re still using these exclusions.
UCGal
ParticipantI worked for Wawanese years ago (late 1979/80 time frame). Wawanesa used to require their insureds to sign “exclusions” if there was a less desirable driver in the household. This was used in roommate situations or one example I remember – a household with a 16 year old unlicensed driver, who’d already gotten in an accident. The parents had to sign a form specifically saying that if the kid were driving, it wouldn’t be covered.
Not sure how well these forms would/did hold up in court.
I suspect they’re still using these exclusions.
UCGal
ParticipantI worked for Wawanese years ago (late 1979/80 time frame). Wawanesa used to require their insureds to sign “exclusions” if there was a less desirable driver in the household. This was used in roommate situations or one example I remember – a household with a 16 year old unlicensed driver, who’d already gotten in an accident. The parents had to sign a form specifically saying that if the kid were driving, it wouldn’t be covered.
Not sure how well these forms would/did hold up in court.
I suspect they’re still using these exclusions.
UCGal
ParticipantAllan –
They lost the La Cresta home – and are under threat of losing the Sherry Lane home (the one they bought to live in while building the La Cresta mansion.)I think it’s the “temporary” home she’s fighting to keep.
UCGal
ParticipantAllan –
They lost the La Cresta home – and are under threat of losing the Sherry Lane home (the one they bought to live in while building the La Cresta mansion.)I think it’s the “temporary” home she’s fighting to keep.
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