????‍????????️ it’s exhausting if you don’t understand THIS‼️⬇️@astroworldanimations @Therealveroni

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????????️????First-time homebuyers beware ???? @astroworld_animation @therealveronika_

What happened here? Likely scenarios include:
???? Your home value is worth more (hooray✅) but now your property taxes and/or insurance have also gone up (oh no‼️)

???? You have an aggressive ARM (adjustable rate mortgage) & the rate has increased????

????You bought new construction & you were given a ROUGH estimate of property taxes that ended up being much lower than the final assessment

????There may be some form of predatory lending????‍????

What can you do now?

????Request an escrow waiver when possible & keep up with your property taxes & insurance yourself

????Get at least an annual CMA from your trusted local real estate agent to see how home sales in your area have changed — if prices go up, then you can plan for your property taxes to eventually increase or if prices go down, you can submit a request for a new assessment to your local property taxes assessor in order to reduce your bill

????Before the “pauses” by President Trump’s administration to the Department of Justice (DOJ), the Consumer Financial Protection Bureau (CFPB), and HUD, you could have filed a complaint. You still can & should, but the response time may be slower if at all. Thus, now you should focus filing complaints with your state (check attorney general & governor’s office), county & other local options to report any type of possible predatory lending

???? Keep a watch on local “property tax bans” that could destabilize funding for local critical services (e.g. roads could get WORSE) & raise sales taxes (e.g. eggs could cost MORE)

In the meantime, we need more Fair Housing DECODERs©, a.k.a. educated, proactive advocates (appraisers, lenders, REALTORS® & other community members) for fair and affordable housing (& lending).⁣⁣⁣⁣⁣
⁣⁣⁣⁣⁣⁣⁣⁣
Get a ???? complimentary (aka NO FEE) download of the Fair Housing DECODER©️ workbook: visit ⁣⁣⁣⁣https://bit.ly/drleebooks (link’s also in my IG bio ⬆️)

#LearnWithDrLee #FairHousingDecoder
#fyp #reels #memes
⁣⁣⁣⁣#realtors #florida #rondesantis #realestate #realestatecoach #fairhousing ⁣⁣⁣⁣ ⁣#AffordableHousing #fairlending #RealEstateAgent #mortgage #firsttimehomebuyers #economy #propertytaxes