Monday, December 20, 2010

Indiana-Indianapolis Property Taxes Certified Property Tax Representative

Name: David Orton
Certification: Level II Indiana Assessor-Appraiser
Phone: 317-412-1572
Email: dorton@callcarpenter.com
Website: http://hdavidorton.callcarpenter.com/

Many of my buyers have rejected looking at a property simply because the property taxes were too high.  A major obstacle for real estate agents representing non-owner occupied homes or over-assessed homes accross Indiana. 

Consider two homes with similar characteristics, quality, and workmanship.  Subject property number one has exemptions.  Subject property number two has no exemptions.  If a buyer's concern is monthly payment, which of the two properties will likely get the offer?

Real Estate Agents/Certified tax representatives, such as myself, help sellers strategize to give optimal results when being placed in the current competitive real estate market.  Here are some tips on appealing your property tax assessment:

You will receive notice of your property's value in one of two ways: the county assessor may send you a notice of assessment, known as a Form 11. Otherwise, the assessed value of your property can be found with your tax bill. This document is known as the TS-1 tax comparison statement.
If you feel your assessment does not reflect the market value-in-use of your property, you may appeal your assessment. To file an appeal, you must contact your local assessor in writing within 45 days of receiving the Form 11 notice or tax bill, whichever was sent earlier. (The DLGF provides a form for this purpose known as a Form 130. Otherwise, a simple letter stating your intent to appeal is sufficient.) Indiana law does not require taxpayers to submit an appraisal in order to appeal an assessment.  As your tax rep, I may file on your behalf.  The rules regarding assessment can be complicated, if not cumbersome to read.  This is where you will need a tax representative to help.  Call me for a consultation.

What does it cost for the consultation?
-Nothing. If I can't win your case, I will be of no value to you.

Saturday, November 20, 2010

Real Estate Corruption-Real Estate Agents-Crooks-Truth-in-Lending Disclosure Statement

Federal TRUTH-IN-LENDING Disclosure Statement shows the following terms dated 11/30/2005:
Annual Percentage Rate: 10.943%
Finance Charge:  $181,721.14
Amount Financed: $58,800.42
Total of Payments: $240,521.56

No. of Payments:                                  Amount of Payments:                      When Payments are Due:
24                                                                       $478.70                                                01/01/06
6                                                                         $550.06                                                01/01/08
329                                                                     $559.69                                                07/01/08
1                                                                    $41,594.39                                                12/01/35

Scenario:
Suspect realtor #2 sells my hispanic client a house listed at $29,000 for $65,000 and reports to MIBOR that house sold for $26,000.  The above terms of the loan are described for this particular transaction.  Transaction closes on 11/2005.

Suspect realtor solicits my client by offering $1,500 to use personal information to fund the sale on another home on x road.  My client refuses.

01/2006 Client receives notices of late payments for house on x road which she has no knowledge of owning.  Client files fraudulent report with sheriff's office.  x bank investigates fraudulent acitivity and determines in her favor.

Same realtor sells the house on x road to x client for $80,000.  House list price was $69,000 and Realtor reports to MIBOR that house sold for $60,000.

I will be sure these guys are brought to justice.