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My wife and I just purchased a new home in November, and the experience is reminding me of the many pitfalls that are out there to take advantage of homebuyers. With that in mind, this is the first in a series of posts about the raw deals to watch out for in buying a home. [...] Here in Texas there are only two certainties in life: death and property taxes (and probably mosquitos). Property taxes out here are ridiculous (for my home, I pay a rate of about 2.5% of the taxable value of the property every year), so there is a lot of incentive to protest your assessment. I did [...] If you made responsible financial decisions over the last several years and were hoping there may be something in Obama’s mortgage bailout for you, keeping hoping. As far as I can see there is nothing for my family in the bailout (even after my wife’s layoff earlier this week), and you’ll likely come to the [...] |
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