Hi Helen,
You would tax the area's tax rate (check with County Tax Assessor) and multiply it by the assessed value. Now, if you're purchasing a property, the sale/purchase price would become the amount the tax rate would be applied to - not the prior assessed value. You would also need to add any Special Assessments (if there are any). You would then take that total amount and divide by 12 for the monthly amount of property taxes.
Shanna Rogers
SR Realty
www.RealtyBySR.com... more
I would suggest you speak with an attorney and at the same time contact California Department of Business Oversight which has oversight over the banks and file a formal complaint against your bank.
Here's the link to their site: http://www.dbo.ca.gov/default.asp
Then I'd call your bank (Call the number on the letter you received) and ask to speak to the manager ofr supervisor. Tell them that you're prepared to file a formal complaint against them with the State Department of Business oversight, and that your next call is to your attorney to start a civil proceedings against them and that you're also going to start sending out letters to the editors of all the major California papers warning people not to ever do business with them as they are incapable of evening maintaining basic escrow accounts properly unless they give you a full accounting and send you the money in your escrow account within the next 5 business days.
Sorry you're having these problems, it's just one more in a long line of reasons to despise the big banks.... more
Hi Freedom. There are few options at this late time. I would be glad to share (offline) your best options after getting a complete picture. My main concern is the fact you have equity ,as stated, and that needs to be protected. You may be surprised!
Michael Roberts
http://www.MichaelRobertsHomes.com
mroberts@rwnetwork.com
408-505-5614
twitter: http://twitter.com/ShortSaleRx
Trulia Vip
Zillow Contributor
ActiveRain Agent
My FOX Business News Interview http://bit.ly/8YFcpb... more
I think I would report this to my State Department of Banking. I am sure you have one. The bank has a duty to handle your funds appropriately and losing the money is NOT appropriate!
Extenuating circumstances is a one time economically devastating incidence.
Job loss is not considered extenuating.
Health issues not extenuating.
Extenuating circumstance is almost limited to death of a co-applicant on the mortgage causing a one time economic disaster and forced sale.
I have seen death of child, divorce and accidents all get declined as extenuating circumstance.
Lenders are standing firm on this.... more
The requirements are different depending upon which loan program you are trying to get qualified for. I strongly urge you to go through the process of consulting with a mortgage broker in your community and exploring your options.... more
The 95120 zip code covers The Almaden Valley
I like the Almaden Valley and I do represent clients in The Almaden Valley from time to time.
However the Agent that really has a great deal of experience with The Almaden Valley is John Baptiste.
I recommend John Baptiste.
You may reach Mr. Baptiste at his Cell Phone: (408)218-3500
Thank you,
Charles Butterfield MBA
Real Estate Broker/REALTOR... more
We don't have a lot of rental agents here to be honest. If you tell me your criteria I can send you a list of homes for rent in those areas and price point.
Kelley:
It first depends on whether you need more than $35,000 from the loan for repairs. If less, then their are no special requirements. If more, and you are referring to the contractor who does the work, you can use any contractor who has not been barred from receiving money from a government entity. These are rare and you would not want to use one anyway. Such contractors appear on a black list that the bank will check when you are submitting the loan application.
I would be delighted to assist you with your application and submit the application to our underwriters so you can get a loan. Please call me at 408-639-0211 or email me at mitchell@handsonrealtor.com.
Mitchell Pearce
High Tech Lending... more
Hello Patrick,
Keep in mind, your lender will ask you for a paper trail of where the funds came from to buy down your mortgage. In some cases, your loan could be denied. But in reading your situation, your DTI is 39% which should be fine. Depending on the loan amount, if it goes above 45% then it could create a problem.
Most likely, you will be asked for a current credit card statement showing the cash advance and the new payment. You will have to be requalified with the new payment.
I would contact your loan officer right away to make sure the number still work. Additionally, before making any financial changes such as changing jobs, transferring funds, cash advances, applying for new credit or large purchases, contact your loan officer to see how this would affect the loan process.
I hope this helps.
Regards,
Michelle... more