Bob Burton at Common Interests 360 reports on some good news for develpers and resident controlled owners associations if Fannie Mae is holding a loan on a residential condo unit - but it is BAD news for loan servicers. Briefly, the rules impose a litinany of new “must do” items onto the servicer, with a focus on paying… Continue Reading
Tag Archives: assessments
Ticking Sound: Will the Current Tax Valuation Drag You Down?
Posted in Tax Issues, Tough Times for Lenders, Workout IssuesOur friends at Cantrell McCulloch [link to website] bring to our attention a topic that could literally be a “drag” on your collateral: the valuation given to the collateral by the applicable taxing authorities (public and private). Taxing authorities could be state, county, city, hospital, school, road and other governmental authorities; and also “private” (not… Continue Reading