Helpful Comp . . . But Is It Too Late?

Appraisal Reconsideration “True”or “False” Consider the following scenario, then answer “Yes” or “No”: An appraisal on a recent home sale comes in low. The next week, a (very) similar home that had been “Pending” at the time the appraisal was done subsequently closes . . . . for well above asking price. Can the closed...
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Shouldn’t This Guy Really Be the Defendant?? Former AIG Chair Hank Greenberg’s Lawsuit (and Now Appeal!) Against the Feds

Don’t Hold Your Breath Waiting For an Apology [Editor’s Note: The views expressed here are solely those of Ross Kaplan, and do not represent Edina Realty, Berkshire Hathaway, or any other entity referenced.] Your company’s breathtaking recklessness, greed, and — above all — stupidity(!) blow a $200 billion hole in its balance sheet, threatening the global...
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Property Tax Pitfalls

How Foreclosure Buyers Can Reduce Their Property Taxes Q: When is fair market value not “fair market value”?A: When it’s a foreclosure sale. Because of the process(es) described in “Sticky” Property Taxes, foreclosure buyers should not expect dramatic property tax relief any time soon after closing their purchase. Even worse, unless they’re careful to document...
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