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UNDERSTANDING MICHIGAN'S PROPERTY TAX SYSTEM
One of the keys to understanding value in Michigan real estate is understanding the relationship between the State Equalized Value and the Taxable Value.
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SUB-PRIME BAILOUT?
Pressure is building to freeze sub prime rates on many mortgages set to adjust early next year according to an article in the Washington Post. What this means for investors, and others affected by the industry is uncertain.
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MICHIGAN HOUSE PASSES BAILOUT HELP
The House of the Michigan Legislature passed a measure today to help borrowers who face higher rates refinance at lower rates under the auspice of the Michigan State Housing Development Authority (MSHDA). Certainly, not all homeowners in trouble will be assisted. There is still plenty of opportunity for private assistance.
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