April 2010 
There are 3 blog entries for April 2010.
Bill to overhaul property tax system approved in Georgia
Thursday, April 29th, 2010 at 4:07pm. 201 Views, 0 Comments.
Associated Press - April 29, 2010 1:54 PM ET
ATLANTA (AP) - A wide-ranging overhaul of property taxes in Georgia is headed to Gov. Sonny Perdue.
The measure would require that homes be assessed every year and extends the appeal process from 30 to 45 days. It also requires that all comparable sales - including foreclosures - must be applied when officials set an assessed value.
The measure passed the House Thursday by a 157-1 vote and has already been adopted by the Senate.
Supporters say it's designed to create uniformity in the way homes are taxed and to give homeowners access to more information.
Senate Bill 346: http://www.legis.ga.gov
Copyright 2010 The Associated Press. All rights reserved. This material may not be published, broadcast,…
Fed Keeps Benchmark Interest Rate Near Zero
Thursday, April 29th, 2010 at 9:53am. 191 Views, 0 Comments.
The Federal Reserve voted Wednesday to keep its federal funds rate at 0 to 0.25 percent "for an extended period." The central bank has said since December 2008 that economic conditions call for the benchmark rate to be held exceptionally low, and its board continues to hold true to that stance despite concerns that if the rate doesn't rise, the near-zero level will give rise to inflation Fine any bank owned property for sale at www.gaforeclosure.com and take advantage of this wealth building time not seen since the late 1980's.
4 Million Mortgages Behind
Monday, April 12th, 2010 at 6:04pm. 196 Views, 0 Comments.
In an article in Time Magazine, the estimated number of mortgages that are now 90 days or more late is now surpassing the 4 million mark. Of those, it is expected that by 2.5 million will go into foreclosure and become bank owned by the end of 2010.
The fear of course, is that this will begin to hit the hundreds of thousands of homeowners who are now upside down on their mortgage even worse as the banks attempt to dispose of the assets on their books at dirt cheap prices causing an even greater drop in comparable homes throughout the United States.
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