News sources tell us that the unemployment rate fell to 10.2% which is good news. What sits behind the curtains is the unprecedented drop offs in employment because businesses being shut down. Conventions, trade shows, musicians’ venues, hair salons, sporting events, concerts have been decimated. Many small businesses suffered complete wipe outs in previous months.
Projected mortgage foreclosures are increasing as mortgage lenders are preparing for the biggest way of delinquencies in history. As many as 30% of Americans with home loans — about 15 million households — could stop paying if the U.S. economy remains closed through the summer or beyond, according to an estimate by Mark Zandi, chief economist for Moody’s Analytics.
The Mortgage Bankers Association just reported that 15.65% of mortgages guaranteed by FHA were delinquent in the second quarter, an increase of 5.96% over the first quarter and the highest delinquency rate in the history of the survey, which goes back to 1979. Will there be a foreclosure tidal wave heading towards the working class?
Eventually raising taxes will be forced to make up for drops in revenue. That will catch most homeowners’ attention. If one were to engage in helping those you take on as clients lower their property taxes with the fact that 40% go 60% of homeowners were getting over-assessed nationwide, you will have an open-eyed audience.
I live in an area where many homeowners are assessed $10,000 or more in property taxes. Considering an average 20% assessment reduction using our training course, that’s a $20,000 savings over the next 10 years. Most don’t realize they are over-assessed, that’s where the opportunity lies for this as a business. Those who suspect they are over-assessed usually don’t have the time, energy or training to present a viable case.
Property Tax Appeal Training Course For Residential and Commercial Business: Appeal For Yourself And/Or Help Clients Appeal High Tax Assessments. Property Tax Appeal Training Course For Residential and Commercial Properties
