Short Sales: High property taxes are forcing some people into foreclosure

- I just saw the second of two articles about homeowners losing their home or property because of high property taxes. Most of the stories were based in the Northeast, where the property taxes are much more expensive.

I one story, http://www.wbaltv.com/r/25677444/detail.html, a Maryland Woman is going on a hunger strike to bring attention to the situation.

The story makes it sound like high property taxes caused her mortgage payment to go up by 40%. That is a huge jump in property taxes. I have seen some people’s property taxes jump by $200 to $400 myself.

In another story, a lady in Connecticut lost some property next to her house after a drawn out tax dispute. Here is the link to the news report: http://www.youtube.com/watch?v=hFQzxY2Mlxo. The new owner of the land put up a chain blocking the driveway that she uses to access her property.

You would think that in a time of economic trouble, the cities and counties would be lowering our property taxes not raising them!

Most American’s income has gone down, not up. But, that doesn’t stop the cities and counties from raising property tax rates.

Thinking about a short sale? I can help you short sale your property and never pay the bank another penny. Send me an e-mail at Ashish@CalCapHomes.com. I will contact you for a free consultation.

When we talk, I will explain how the process works in detail. If you prefer, then you can call me at 818 259 3455.

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Thanks for reading this, Ashish Trivedi.

Ashish is a Real Estate Broker - Ashish Trivedi at California Capital.

Phone: 818 259 3455. Ashish@CalCapHomes.com.

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pyright 2010 SFI Marketing Institute, LLC. All Rights Reserved. This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing. The views expressed here are Ashish Trivedi's personal views and do not reflect the views of California Capital. This information on Short Sales: High property taxes are forcing some people into foreclosure is provided as a courtesy to our viewers to help them make informed decisions.