05.29.2013 | by Lauren Lamb
Last year’s Allegheny County real estate reassessment caused outrage among homeowners. More than 100,000 property owners felt so strongly that the County had valued their property higher than its true value, that they appealed their assessment. In order to be successful in that fight, the homeowners had to provide the County with information showing that their home was not worth as much as the County said it was. The evidence presented by homeowners included pictures of the property, sales prices of homes in the neighborhood and estimates for necessary home repairs. The best-prepared homeowners came to their assessment appeal hearing armed with an appraisal.
05.29.2013 | by Kenny Steinberg
You’re not alone. According to most recent statistics, the number of people defaulting on payments on student loan debt is soaring. That should be no surprise to anyone. While going to college or grad school is no longer a ticket to immediate job security, there is no doubt that getting a good education will, on average, lead to a better financial outcome. But now you’re out of college. What about now?
05.28.2013 | by Lauren Lamb
In the aftermath of the housing crisis, the Dodd-Frank Wall Street Reform and Consumer Protection Act was passed, in part, to prevent another housing crisis from happening in the future. The Consumer Financial Protection Bureau was formed to create rules to carry out the goals of Dodd-Frank. The Consumer Financial Protection Bureau recently released details of a new “Ability-to-Repay” rule, which aims to prevent people from getting a mortgage loan they cannot afford and a “Qualified Mortgage” rule, which will encourage lenders to offer mortgage loans with terms that are more favorable to borrowers.