Property Tax Deferral for Seniors and People with Disabilities


 

What is a property tax deferral?

The Oregon Legislature established programs that allow qualifying citizens to delay paying property taxes on their residences – including manufactured homes, houseboats, multi-family, and income-producing properties.

If you qualify for one of the deferral programs, the state will pay your property taxes to the county. A lien will be placed on your property. You will be charged lien recording fees, which are deferred. Interest on the deferred taxes, at 6 percent per year, is also deferred.

How do I qualify for a deferral?

To get more detailed information about how to qualify for a property tax deferral through the Oregon Department of Revenue, visit: Property Tax Deferral for Disabled and Senior Citizens.

 

Disabled and senior citizens can “borrow” money from the state of Oregon to pay property taxes. 

 

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My Debt is More Than the Market Value of House – What To Do?


VA Real Estate Solutions

When the economic climate took a beating in 2008, numerous individuals braced themselves in the gut-wrenching experience of being dumbfounded of what to do on selling their house. While this real estate slump still prevails in certain locations, fortunately the data are coming to be less surprising as property appraisals are increasing as compared to what they were throughout the economic downturn. This offers hardly any convenience if you are paying each month to pay a home loan that’s much bigger compared to just what you might market your house for. Right here are the most typical alternatives for home owners in this situation.

Choosing to Stay Despite the Fear of Foreclosure

It makes feeling why people continue paying their mortgages although it could take years to obtain as much as the factor where the residence deserves even more than exactly what you owe on it. Homeowners bother with harming…

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Interview with Jake Planton of Rose City Mortgage


 

 

 

 

Jake Planton
Senior Loan Officer
Rose City Mortgage, NMLS 272695
503-475-3788

www.JakePlanton.com

NMLS #209327


http://www.rosecitymtg.com

 

 

 

Fishpeople: Sustainability is Key


Eliot Neighborhood

New home of Fishpeople on MLK at Russell New home of Fishpeople on MLK at Russell

It all started at Cascade Head at the mouth of the Salmon River.  It is quite tricky to get to the three rocks past the spit on the other side of the river, but this is where Kipp Baratoff and Duncan Berry were sitting in 2012 when they came up with the idea for their business venture.  They were sitting on those rocks talking about the ocean, the fish and how sad they were with some of the complexities of the seafood industry. They wished the industry could connect better with consumers.  There in the “original boardroom” the idea for Fishpeople was born to transform the consumer’s relationship with the sea.

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Four Ways to Buy a House with No Money Down


Ask Carolyn Warren

Can you afford a mortgage payment but are low on cash? Would you like to buy a house now before prices and rates go up even more?

Here are four ways to get into your own home with little or no money down.

1) USDA zero down loan. The property cannot be in a highly populated city, but it doesn’t have to be way out in the country either. To check out property eligibility, see here.

2) Use a state bond for the down payment. All states have various programs that either provide the down payment or lend you the down payment with zero interest and no payment, to be paid back at the end of the loan. To check out options for your state, contact your local mortgage broker or full service mortgage lender (not big bank).

3) Use gift money for the down payment. A conventional loan…

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Interview with Jeff Foody of Reverse Mortgages Northwest


Jeff Foody answers some important questions regarding Reverse Mortgages.   Reverse Mortgages is not for everyone, but for those that need its flexibilities it can be a life-changing opportunity.    It is important that people that seeks a Reverse Mortgage work with Loan Officers that understand the  loan product as much as Jeff Foody does and that will not be easy.    After watching this video if you still have questions please feel free to contact Jeff .  I am sure he will be able to answer your questions and help you learn if this loan product is good fo your situation or not.

 

 

 

Jeff Foody
Reverse Mortgage North West
503-427-1667
http://www.reversenorthwest.com