In most states if you don’t pay your property taxes when they are due, the county will take your property. In Michigan you have to skip payment for three years before they will seize your property and sell it at auction. One aspect of this process is that in addition …
Last Friday we received our yearly property tax assessments in the mail. Usually these show the value and thus the taxes on the property going up every year. Imagine my surprise when I saw that they actually cut our tax bill! I’m curious as to how often this happens. The …
Interest rates for the last several years have been at historic lows, and will likely remain relatively low for the foreseeable future. This environment of low interest rates have led many people to become serial refinancers. Refinancing provides a proportional savings to the loan amount, with closing costs not varying …
Last month Mrs. C. told me that her brother mentioned the idea of buying a home with a friend. Although she strongly advised him against this, I think he may still end up trying to go this route. The house in question is a $6,500 major fixer upper in a rough area. …