Blog of the Mortgage

First:
If you are a Calyx Point (LOS) User,
You MUST Update Point to remain in Compliance with MDIA.
From Calyx Below:
Here is the Link on the How to:
Here's the Document on How to:


and Some Petitions to Remove the HVCC:

HVCC Petition - Written by TBWS.com

HVCC Petition - from 2008 - Written by broker

HVCC Petition Sponsored by CAMB

Great news about all the counties that you and I originate in:
All of them have re-assessed nearly their entire base of properties for 2009-2010 tax year. 
My Company as you know has a quirk about impounding and qualifying at the tax rate as shown the prelim. in some cases we're talking about as much as $500/month more in taxes. In others that figure is as low as $60/month more and in nearly ALL cases it spooks the borrower OR puts the loan decision (from DU/TOTAL) at risk as the majority of you are qualifying at 1.25% of the new (significantly lower) purchase price.

I've hashed this out with you guys by now and we've gone over the pluses and minuses and I've just had to get comfortable with lower production numbers because of this issue. Most of you just think Franklin is weird; which we are in a conservative kind of way :)

Well NOW WE CAN USE THE LOWER figures of the re-assessed amount for 2009-2010 so long as it is NOT LOWER than 1.25% of the purchase price.

This is GREAT NEWS! for all of us :): You, Me & Your customers!

I am linking the County Assessor's offices here for the counties in which I originate:

Alameda
Contra Costa
Solano
Sonoma
Napa
Stanislaus

For Sonoma: you will need to select "Search Assessment Roll"
For Contra Costa County - You will see the current tax rates but not values you will need to have the county fax you a copy of the new assessed value.

These are the major ones. If you know of any others please don't hesitate to e-mail the link for that particular county and I will be sure to update my list for you all.

I want to thank you very much for all of your business this year and helping to place me in the top 10 of producers in my company for 2009!
If this year keeps up you may just send me on our Presidents Council trip (which will be the only Vacation I get in the next 2+ years).

*********************

Have a great Summer Selling season.

You'll need the following links to download these forms:

Remember to Go out and have fun!

Posted by Raoul Badde on August 8th, 2009 10:52 AMPost a Comment (0)
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