My f****ng mortgage just went up $800 more WTF? - Page 2 - Chicagoland Sportbikes
Chicagoland Sportbikes
 

Home Forums Race Schedule vBGarage Who's Online Today's Posts Mark Forums Read
Go Back   Chicagoland Sportbikes > Open Topic Discussions > Open Forum
CLSB Store Article Section Local Radar Register FAQ Members List Calendar Mark Forums Read Motorcycle EscrowInsurance

Open Forum This forum is for all off-topic discussion.


Reply
 
Thread Tools Display Modes
Old 04-17-2012, 07:37 AM   #31
Dave13
Armed law abiding citizen
 
Dave13's Avatar
 
Join Date: Aug 2006
Posts: 19,055
Location: Middleburg, Florida
Sportbike: '74 Yamaha RD350
Years Riding: idk
How you found us: Google
Dave13 Walks on F&?kin water, No shit!!!Dave13 Walks on F&?kin water, No shit!!!Dave13 Walks on F&?kin water, No shit!!!Dave13 Walks on F&?kin water, No shit!!!Dave13 Walks on F&?kin water, No shit!!!Dave13 Walks on F&?kin water, No shit!!!Dave13 Walks on F&?kin water, No shit!!!Dave13 Walks on F&?kin water, No shit!!!Dave13 Walks on F&?kin water, No shit!!!Dave13 Walks on F&?kin water, No shit!!!Dave13 Walks on F&?kin water, No shit!!!
Just to visit. This is my home.
Dave13 is offline   Reply With Quote
Sponsored Links
Advertisement
 
Old 04-17-2012, 08:44 AM   #32
gsd656
Greg
 
gsd656's Avatar
 
Join Date: Nov 2007
Posts: 3,676
Location: Morton Grove, Illinois
Sportbike: 2008 HD VRSCAW, 1985 Honda XR350R (Sold), 2001 SV650s (Sold), 2002 Sea-Doo GTX Di
Years Riding: I thought I was getting the hang of it...back to the basics.
How you found us: mentioned on svrider.com
gsd656 Walks on F&?kin water, No shit!!!gsd656 Walks on F&?kin water, No shit!!!gsd656 Walks on F&?kin water, No shit!!!gsd656 Walks on F&?kin water, No shit!!!gsd656 Walks on F&?kin water, No shit!!!gsd656 Walks on F&?kin water, No shit!!!gsd656 Walks on F&?kin water, No shit!!!gsd656 Walks on F&?kin water, No shit!!!gsd656 Walks on F&?kin water, No shit!!!gsd656 Walks on F&?kin water, No shit!!!gsd656 Walks on F&?kin water, No shit!!!
Quote:
Originally Posted by Gone In 3 View Post
Why do your taxes increase when your property value decreases?
Even though your "value" is adjusted down, the effective tax rate always keeps on going up. Each municipality will have different items on a tax bill, so unless you are comparing neighbors tax bills it will be apples to oranges.

Some good advice already:
Review bill for errors.
Make sure exemption(s) are applied.
Appeal or hire an attorney to appeal your assessment (this will not help on this bill)
Call your mortgage company to extend the payback period.


A few years back I did a refinance and did not setup an escrow for RE taxes, it was nice. I was disciplined enough to save up for the fall bill and relied on my Fed Income tax refund for the spring bill. This is not for everyone, but it eliminates the extra few dollars that the mortage company includes in your escrow calculation to cover fluctuations.

I feel your pain and good luck.
__________________
Greg

gsd656 is offline   Reply With Quote
Old 04-17-2012, 08:49 AM   #33
Noodles
Clever Girl
 
Noodles's Avatar
 
Join Date: Feb 2005
Posts: 10,209
Location: Glendale Heights
Sportbike: 'Fightered F3
Years Riding: 3 years
How you found us: I woke up here.
Noodles Walks on F&?kin water, No shit!!!Noodles Walks on F&?kin water, No shit!!!Noodles Walks on F&?kin water, No shit!!!Noodles Walks on F&?kin water, No shit!!!Noodles Walks on F&?kin water, No shit!!!Noodles Walks on F&?kin water, No shit!!!Noodles Walks on F&?kin water, No shit!!!Noodles Walks on F&?kin water, No shit!!!Noodles Walks on F&?kin water, No shit!!!Noodles Walks on F&?kin water, No shit!!!Noodles Walks on F&?kin water, No shit!!!
Quote:
Originally Posted by Dave13 View Post
My inlaws has their taxes jump from $1150 to $1210 for the year. Crazy!!

Reason #55 to live in Florida.
Still not worth it.
__________________
Quote:
Originally Posted by Noodles View Post
Noodles accepts no liability for the content of this post, or for the consequences of any actions taken on the basis of the information provided, unless that information is subsequently confirmed in writing. Any views or opinions presented in this post are solely those of the author and do not necessarily represent those of Noodles.
Noodles is offline   Reply With Quote
Old 04-17-2012, 08:54 AM   #34
Vcook
Super Moderator

 
Vcook's Avatar
 
Join Date: Apr 2002
Posts: 43,208
Location: Winfield
Sportbike: bikeless
Years Riding: 10
How you found us: Shit, you know I'm a clsb OG!
Vcook Walks on F&?kin water, No shit!!!Vcook Walks on F&?kin water, No shit!!!Vcook Walks on F&?kin water, No shit!!!Vcook Walks on F&?kin water, No shit!!!Vcook Walks on F&?kin water, No shit!!!Vcook Walks on F&?kin water, No shit!!!Vcook Walks on F&?kin water, No shit!!!Vcook Walks on F&?kin water, No shit!!!Vcook Walks on F&?kin water, No shit!!!Vcook Walks on F&?kin water, No shit!!!Vcook Walks on F&?kin water, No shit!!!
look at the bright side, you didn't anticipate the tax burden but you've now got an interest free loan from your lender to cover the difference. This is the nice thing about escrow.
__________________
Chris
Vcook is offline   Reply With Quote
Old 04-17-2012, 08:56 AM   #35
Kruz
Super Moderator
 
Kruz's Avatar
 
Join Date: Apr 2002
Posts: 18,890
Location: West of 59, North of 88
Sportbike: 05 CRF50
Years Riding: "Since 1992"
How you found us: You found me
Kruz Walks on F&?kin water, No shit!!!Kruz Walks on F&?kin water, No shit!!!Kruz Walks on F&?kin water, No shit!!!Kruz Walks on F&?kin water, No shit!!!Kruz Walks on F&?kin water, No shit!!!Kruz Walks on F&?kin water, No shit!!!Kruz Walks on F&?kin water, No shit!!!Kruz Walks on F&?kin water, No shit!!!Kruz Walks on F&?kin water, No shit!!!Kruz Walks on F&?kin water, No shit!!!Kruz Walks on F&?kin water, No shit!!!
True...but Im sure going forward they built in a comfortable overage.
Kruz is offline   Reply With Quote
Old 04-17-2012, 09:10 AM   #36
Grasshopper
Registered User
 
Grasshopper's Avatar
 
Join Date: Sep 2004
Posts: 12,466
Location: PF
Sportbike: Slow
Years Riding: all of them
How you found us: a real person
Grasshopper Walks on F&?kin water, No shit!!!Grasshopper Walks on F&?kin water, No shit!!!Grasshopper Walks on F&?kin water, No shit!!!Grasshopper Walks on F&?kin water, No shit!!!Grasshopper Walks on F&?kin water, No shit!!!Grasshopper Walks on F&?kin water, No shit!!!Grasshopper Walks on F&?kin water, No shit!!!Grasshopper Walks on F&?kin water, No shit!!!Grasshopper Walks on F&?kin water, No shit!!!Grasshopper Walks on F&?kin water, No shit!!!Grasshopper Walks on F&?kin water, No shit!!!
I got the same thing. The 2nd installment tax bill will reflect a lower tax bill which will in turn lower your escrow and lower your mortgage payment through your lender.

It is pretty fucked up that the value of our homes have gone down so much and these assholes up the taxes.

Common sense would say that the value of the home is directly related to the taxes you pay. They are crooks. Fucking crook county.
__________________
"I pity the poor people who don't ride motorcycles"
-Malcolm Smith, champion motorcycle racer

Nick
STT Staff
Midwest Division
www.sportbiketracktime.com
Grasshopper is offline   Reply With Quote
Old 04-17-2012, 09:16 AM   #37
Derick
Registered User
 
Derick's Avatar
 
Join Date: Sep 2009
Posts: 1,264
Location: Chicago
Sportbike: R6
Years Riding: Its my first time ;)
How you found us: Leghumpers Anonymous
Derick Is of superior charactorDerick Is of superior charactorDerick Is of superior charactorDerick Is of superior charactorDerick Is of superior charactorDerick Is of superior charactorDerick Is of superior charactor
curious question, but does dupage have the same problems?
__________________
WERA CCS EX #169
I would like to thank the 2014 sponsors...
Riders Discount AllBalls Racing Woodcraft VinylSaurusRex Pit Bull Sportbike Tire Service
Derick is offline   Reply With Quote
Old 04-17-2012, 09:22 AM   #38
Vcook
Super Moderator

 
Vcook's Avatar
 
Join Date: Apr 2002
Posts: 43,208
Location: Winfield
Sportbike: bikeless
Years Riding: 10
How you found us: Shit, you know I'm a clsb OG!
Vcook Walks on F&?kin water, No shit!!!Vcook Walks on F&?kin water, No shit!!!Vcook Walks on F&?kin water, No shit!!!Vcook Walks on F&?kin water, No shit!!!Vcook Walks on F&?kin water, No shit!!!Vcook Walks on F&?kin water, No shit!!!Vcook Walks on F&?kin water, No shit!!!Vcook Walks on F&?kin water, No shit!!!Vcook Walks on F&?kin water, No shit!!!Vcook Walks on F&?kin water, No shit!!!Vcook Walks on F&?kin water, No shit!!!
Quote:
Originally Posted by Derick View Post
curious question, but does dupage have the same problems?
We still dont know the details of this issue but all counties are the same. I bet this guy either has a new build where the builder underestimated the taxes or the taxes changed dramatically due to the development of what was previously an empty lot. Or the bank miscalculated the escrow. His taxes did NOT magically go up 800 bucks a month, there is more to the story here. Tax rates fluctuate and so do home values but he hasn't given us the whole story yet.


all counties in this area operate more or less the same, different rates, same process.
__________________
Chris
Vcook is offline   Reply With Quote
Old 04-17-2012, 09:28 AM   #39
Derick
Registered User
 
Derick's Avatar
 
Join Date: Sep 2009
Posts: 1,264
Location: Chicago
Sportbike: R6
Years Riding: Its my first time ;)
How you found us: Leghumpers Anonymous
Derick Is of superior charactorDerick Is of superior charactorDerick Is of superior charactorDerick Is of superior charactorDerick Is of superior charactorDerick Is of superior charactorDerick Is of superior charactor
Quote:
Originally Posted by Vcook View Post
We still dont know the details of this issue but all counties are the same. I bet this guy either has a new build where the builder underestimated the taxes or the taxes changed dramatically due to the development of what was previously an empty lot. Or the bank miscalculated the escrow. His taxes did NOT magically go up 800 bucks a month, there is more to the story here. Tax rates fluctuate and so do home values but he hasn't given us the whole story yet.


all counties in this area operate more or less the same, different rates, same process.
I was just more curious of the tax hikes in dupage, I know that crook is higher, but a significant margin, but is dupage as bad? (looking to buy in the near future, jsut trying to get some info)
__________________
WERA CCS EX #169
I would like to thank the 2014 sponsors...
Riders Discount AllBalls Racing Woodcraft VinylSaurusRex Pit Bull Sportbike Tire Service
Derick is offline   Reply With Quote
Old 04-17-2012, 09:32 AM   #40
gsd656
Greg
 
gsd656's Avatar
 
Join Date: Nov 2007
Posts: 3,676
Location: Morton Grove, Illinois
Sportbike: 2008 HD VRSCAW, 1985 Honda XR350R (Sold), 2001 SV650s (Sold), 2002 Sea-Doo GTX Di
Years Riding: I thought I was getting the hang of it...back to the basics.
How you found us: mentioned on svrider.com
gsd656 Walks on F&?kin water, No shit!!!gsd656 Walks on F&?kin water, No shit!!!gsd656 Walks on F&?kin water, No shit!!!gsd656 Walks on F&?kin water, No shit!!!gsd656 Walks on F&?kin water, No shit!!!gsd656 Walks on F&?kin water, No shit!!!gsd656 Walks on F&?kin water, No shit!!!gsd656 Walks on F&?kin water, No shit!!!gsd656 Walks on F&?kin water, No shit!!!gsd656 Walks on F&?kin water, No shit!!!gsd656 Walks on F&?kin water, No shit!!!
Quote:
Originally Posted by Derick View Post
I was just more curious of the tax hikes in dupage, I know that crook is higher, but a significant margin, but is dupage as bad? (looking to buy in the near future, jsut trying to get some info)
You'll have similar issues. It does not help anyone to compare county to county. It will all depend on specific areas. Plus, depending on the area, you may actually get a significant to you benefit from the RE taxes you pay, such as better schools, roads, etc.

Without doing the specific research, I would say the DuPage used to be better then Cook, but with the developments over the last decade or two, I would bet that they are head to head.
__________________
Greg

gsd656 is offline   Reply With Quote
Old 04-17-2012, 09:33 AM   #41
jrock
You got the talkin' done
 
jrock's Avatar
 
Join Date: May 2006
Posts: 15,674
Location: Alaska, WI
Sportbike: '00 VFR800Fi & 1979 Honda CB750F
Years Riding: long enough to have fallen off a few times - glad I wear a helmet!
How you found us: Loose Lips Sink Ships, Loose Wires Cause Fires
jrock Walks on F&?kin water, No shit!!!jrock Walks on F&?kin water, No shit!!!jrock Walks on F&?kin water, No shit!!!jrock Walks on F&?kin water, No shit!!!jrock Walks on F&?kin water, No shit!!!jrock Walks on F&?kin water, No shit!!!jrock Walks on F&?kin water, No shit!!!jrock Walks on F&?kin water, No shit!!!jrock Walks on F&?kin water, No shit!!!jrock Walks on F&?kin water, No shit!!!jrock Walks on F&?kin water, No shit!!!
Quote:
Originally Posted by Vcook View Post
We still dont know the details of this issue but all counties are the same. I bet this guy either has a new build where the builder underestimated the taxes or the taxes changed dramatically due to the development of what was previously an empty lot. Or the bank miscalculated the escrow. His taxes did NOT magically go up 800 bucks a month, there is more to the story here. Tax rates fluctuate and so do home values but he hasn't given us the whole story yet.

I don't think he said they went up $800 a month. I think he is implying they went up $800 a year.

$800 a month would be HUGE.
__________________
If you ain't with us, then it's just bad news.
jrock is offline   Reply With Quote
Old 04-17-2012, 09:37 AM   #42
JoJo
Joe Momma...
 
JoJo's Avatar
 
Join Date: Jul 2003
Posts: 3,822
Location: Oak Park
Sportbike: None
Years Riding: 1,2,4,5 count d'z rocks biatch!
How you found us: member
JoJo Walks on F&?kin water, No shit!!!JoJo Walks on F&?kin water, No shit!!!JoJo Walks on F&?kin water, No shit!!!JoJo Walks on F&?kin water, No shit!!!JoJo Walks on F&?kin water, No shit!!!JoJo Walks on F&?kin water, No shit!!!JoJo Walks on F&?kin water, No shit!!!JoJo Walks on F&?kin water, No shit!!!JoJo Walks on F&?kin water, No shit!!!JoJo Walks on F&?kin water, No shit!!!JoJo Walks on F&?kin water, No shit!!!
Quote:
Originally Posted by Vcook View Post
We still dont know the details of this issue but all counties are the same. I bet this guy either has a new build where the builder underestimated the taxes or the taxes changed dramatically due to the development of what was previously an empty lot. Or the bank miscalculated the escrow. His taxes did NOT magically go up 800 bucks a month, there is more to the story here. Tax rates fluctuate and so do home values but he hasn't given us the whole story yet.


all counties in this area operate more or less the same, different rates, same process.
Could be that he got a very good price on his house and now they are not taking that into consideration. That's what happened to me. My house was a POS in a nice area so the low purchase price kept my taxes a lot lower. After three years they don't take purchase price into consideration and the same sq ft rate applies which results in higher taxes.
__________________
My name is JB, people call me JB

Quote:
Originally Posted by flinchy
"I wouldn't be surprised to see this guy catch a pass with his ass cheeks"
JoJo is offline   Reply With Quote
Old 04-17-2012, 09:37 AM   #43
elroy121
Obsessed and Deranged
 
elroy121's Avatar
 
Join Date: Jul 2008
Posts: 4,484
Location: il-west burbs and socal
Sportbike: SV1000S
Years Riding: too many years
How you found us: dumb luck
elroy121 Walks on F&?kin water, No shit!!!elroy121 Walks on F&?kin water, No shit!!!elroy121 Walks on F&?kin water, No shit!!!elroy121 Walks on F&?kin water, No shit!!!elroy121 Walks on F&?kin water, No shit!!!elroy121 Walks on F&?kin water, No shit!!!elroy121 Walks on F&?kin water, No shit!!!elroy121 Walks on F&?kin water, No shit!!!elroy121 Walks on F&?kin water, No shit!!!elroy121 Walks on F&?kin water, No shit!!!elroy121 Walks on F&?kin water, No shit!!!
Quote:
Originally Posted by Derick View Post
I was just more curious of the tax hikes in dupage, I know that crook is higher, but a significant margin, but is dupage as bad? (looking to buy in the near future, jsut trying to get some info)
ive owned in dp co for 2 1/2 yrs, tax has not gone up more than 50-75$ a year
__________________
I hope we all learned from Brazil the dangers of caring about soccer.
elroy121 is offline   Reply With Quote
Old 04-17-2012, 09:50 AM   #44
Vcook
Super Moderator

 
Vcook's Avatar
 
Join Date: Apr 2002
Posts: 43,208
Location: Winfield
Sportbike: bikeless
Years Riding: 10
How you found us: Shit, you know I'm a clsb OG!
Vcook Walks on F&?kin water, No shit!!!Vcook Walks on F&?kin water, No shit!!!Vcook Walks on F&?kin water, No shit!!!Vcook Walks on F&?kin water, No shit!!!Vcook Walks on F&?kin water, No shit!!!Vcook Walks on F&?kin water, No shit!!!Vcook Walks on F&?kin water, No shit!!!Vcook Walks on F&?kin water, No shit!!!Vcook Walks on F&?kin water, No shit!!!Vcook Walks on F&?kin water, No shit!!!Vcook Walks on F&?kin water, No shit!!!
Quote:
Originally Posted by jrock View Post
I don't think he said they went up $800 a month. I think he is implying they went up $800 a year.

$800 a month would be HUGE.
If it was previously undeveloped land the first year tax bill would be X, then the following year would be the first tax bill for the developed land which could easily be 2X. Between that jump and the underfunded escrow payback it could easily go up 800 a month till the underfund loan was paid off, then it would drop a somewhat. This happened to me when I bought a new property that was built on previously undeveloped land.
__________________
Chris
Vcook is offline   Reply With Quote
Old 04-17-2012, 10:04 AM   #45
JoJo
Joe Momma...
 
JoJo's Avatar
 
Join Date: Jul 2003
Posts: 3,822
Location: Oak Park
Sportbike: None
Years Riding: 1,2,4,5 count d'z rocks biatch!
How you found us: member
JoJo Walks on F&?kin water, No shit!!!JoJo Walks on F&?kin water, No shit!!!JoJo Walks on F&?kin water, No shit!!!JoJo Walks on F&?kin water, No shit!!!JoJo Walks on F&?kin water, No shit!!!JoJo Walks on F&?kin water, No shit!!!JoJo Walks on F&?kin water, No shit!!!JoJo Walks on F&?kin water, No shit!!!JoJo Walks on F&?kin water, No shit!!!JoJo Walks on F&?kin water, No shit!!!JoJo Walks on F&?kin water, No shit!!!
Quote:
Originally Posted by jrock View Post
I don't think he said they went up $800 a month. I think he is implying they went up $800 a year.

$800 a month would be HUGE.
it can easily go up that much. A friend paid an extra $1000 per month. Not only do you have to pay to catch up, you also have to fund it for the future payment.
__________________
My name is JB, people call me JB

Quote:
Originally Posted by flinchy
"I wouldn't be surprised to see this guy catch a pass with his ass cheeks"
JoJo is offline   Reply With Quote
Old 04-17-2012, 10:16 AM   #46
Cerk
Grid Marshall.
 
Cerk's Avatar
 
Join Date: Mar 2005
Posts: 29,215
Location: Naperville
Sportbike: Tweener
Years Riding: Do I have to start over now?
How you found us: Followed the Bread Crumbs...
Cerk Walks on F&?kin water, No shit!!!Cerk Walks on F&?kin water, No shit!!!Cerk Walks on F&?kin water, No shit!!!Cerk Walks on F&?kin water, No shit!!!Cerk Walks on F&?kin water, No shit!!!Cerk Walks on F&?kin water, No shit!!!Cerk Walks on F&?kin water, No shit!!!Cerk Walks on F&?kin water, No shit!!!Cerk Walks on F&?kin water, No shit!!!Cerk Walks on F&?kin water, No shit!!!Cerk Walks on F&?kin water, No shit!!!
Quote:
Originally Posted by Pilotx1 View Post
60 dollars?
Right?
__________________
Tom

Quote:
Originally Posted by Tacitus
In a state where corruption abounds, laws must be very numerous.
Cerk is offline   Reply With Quote
Old 04-17-2012, 10:19 AM   #47
Chicago Performance
DONATING MEMBER
 
Chicago Performance's Avatar
 
Join Date: Jun 2007
Posts: 25,061
Location: Northlake, IL 60164
Sportbike: Trackdayz "I" bike!
Years Riding: since last year
How you found us: In a fortune cookie
Chicago Performance Walks on F&?kin water, No shit!!!Chicago Performance Walks on F&?kin water, No shit!!!Chicago Performance Walks on F&?kin water, No shit!!!Chicago Performance Walks on F&?kin water, No shit!!!Chicago Performance Walks on F&?kin water, No shit!!!Chicago Performance Walks on F&?kin water, No shit!!!Chicago Performance Walks on F&?kin water, No shit!!!Chicago Performance Walks on F&?kin water, No shit!!!Chicago Performance Walks on F&?kin water, No shit!!!Chicago Performance Walks on F&?kin water, No shit!!!Chicago Performance Walks on F&?kin water, No shit!!!
Yeah I think their formula for proper ass raping is to always have at least half of your taxes in escrow at all times, even after the half year payout, so in effect, at each payout, there is a full year's taxes in the bank, and they pay half biannually.
Chicago Performance is online now   Reply With Quote
Old 04-17-2012, 10:44 AM   #48
tnat
Pringles can user
 
tnat's Avatar
 
Join Date: Nov 2007
Posts: 6,262
Location: woodstock,illinois
Sportbike: 2005 YZ250
Years Riding: 1977
How you found us: Geo
tnat Walks on F&?kin water, No shit!!!tnat Walks on F&?kin water, No shit!!!tnat Walks on F&?kin water, No shit!!!tnat Walks on F&?kin water, No shit!!!tnat Walks on F&?kin water, No shit!!!tnat Walks on F&?kin water, No shit!!!tnat Walks on F&?kin water, No shit!!!tnat Walks on F&?kin water, No shit!!!tnat Walks on F&?kin water, No shit!!!tnat Walks on F&?kin water, No shit!!!tnat Walks on F&?kin water, No shit!!!
sometimes i think it would be better to rent and just buy fuckin gold krugerands as a investment as from what ive read somewhere the real estate market in most areas will only appreciate approx 1% a year, im already down 40k so ill never see my home worth what i owe, i should just walk, itll take them over 2 yrs to throw me out, i bank $1700 a month in cash for 2 years, store that cash, get evicted, pull a Burntrash and move the family into my moms basement for a year file bk, then rent for another year then buy a place that now its value is more realistic and not like the ass rapin i took when i bought it at inflated values.
__________________
DO YOU WANT TO BE A BETTER DIRT OR MX RIDER OR LEARN TO RIDE DIRT?


CLICK THE LINK!


http://www.club57mx.com/



Wiping my last dump was like cleaning Laffy Taffy off a hot car dashboard.
Doug Stanhope



Thanks to my Sponsors - Gaerne, Protaper, ScottUSA, MSR, Motomaster Brake systems, Faction MX, Sunline, Dr D, EVS, DECAL WORKS.
tnat is offline   Reply With Quote
Old 04-17-2012, 10:52 AM   #49
Chicago Performance
DONATING MEMBER
 
Chicago Performance's Avatar
 
Join Date: Jun 2007
Posts: 25,061
Location: Northlake, IL 60164
Sportbike: Trackdayz "I" bike!
Years Riding: since last year
How you found us: In a fortune cookie
Chicago Performance Walks on F&?kin water, No shit!!!Chicago Performance Walks on F&?kin water, No shit!!!Chicago Performance Walks on F&?kin water, No shit!!!Chicago Performance Walks on F&?kin water, No shit!!!Chicago Performance Walks on F&?kin water, No shit!!!Chicago Performance Walks on F&?kin water, No shit!!!Chicago Performance Walks on F&?kin water, No shit!!!Chicago Performance Walks on F&?kin water, No shit!!!Chicago Performance Walks on F&?kin water, No shit!!!Chicago Performance Walks on F&?kin water, No shit!!!Chicago Performance Walks on F&?kin water, No shit!!!
Quote:
Originally Posted by tnat View Post
sometimes i think it would be better to rent and just buy fuckin gold krugerands as a investment as from what ive read somewhere the real estate market in most areas will only appreciate approx 1% a year, im already down 40k so ill never see my home worth what i owe, i should just walk, itll take them over 2 yrs to throw me out, i bank $1700 a month in cash for 2 years, store that cash, get evicted, pull a Burntrash and move the family into my moms basement for a year file bk, then rent for another year then buy a place that now its value is more realistic and not like the ass rapin i took when i bought it at inflated values.
This is a solid plan!
Chicago Performance is online now   Reply With Quote
Old 04-17-2012, 11:30 AM   #50
SENGVIN
Pronto PLEASE !!!
 
SENGVIN's Avatar
 
Join Date: May 2007
Posts: 818
Location: Countryside IL
Sportbike: Bikeless :-(
Years Riding: 5 days now
How you found us: Brad Boehmer
SENGVIN Walks on F&?kin water, No shit!!!SENGVIN Walks on F&?kin water, No shit!!!SENGVIN Walks on F&?kin water, No shit!!!SENGVIN Walks on F&?kin water, No shit!!!SENGVIN Walks on F&?kin water, No shit!!!SENGVIN Walks on F&?kin water, No shit!!!SENGVIN Walks on F&?kin water, No shit!!!SENGVIN Walks on F&?kin water, No shit!!!SENGVIN Walks on F&?kin water, No shit!!!SENGVIN Walks on F&?kin water, No shit!!!SENGVIN Walks on F&?kin water, No shit!!!
Well it isn't new property, The house has been there for over 30years, and it went up $717 a month so it has to be miscalculated the escrow on Bank part! And I'm going to kill somebody...
__________________
SENGVIN is offline   Reply With Quote
Old 04-17-2012, 11:34 AM   #51
gsd656
Greg
 
gsd656's Avatar
 
Join Date: Nov 2007
Posts: 3,676
Location: Morton Grove, Illinois
Sportbike: 2008 HD VRSCAW, 1985 Honda XR350R (Sold), 2001 SV650s (Sold), 2002 Sea-Doo GTX Di
Years Riding: I thought I was getting the hang of it...back to the basics.
How you found us: mentioned on svrider.com
gsd656 Walks on F&?kin water, No shit!!!gsd656 Walks on F&?kin water, No shit!!!gsd656 Walks on F&?kin water, No shit!!!gsd656 Walks on F&?kin water, No shit!!!gsd656 Walks on F&?kin water, No shit!!!gsd656 Walks on F&?kin water, No shit!!!gsd656 Walks on F&?kin water, No shit!!!gsd656 Walks on F&?kin water, No shit!!!gsd656 Walks on F&?kin water, No shit!!!gsd656 Walks on F&?kin water, No shit!!!gsd656 Walks on F&?kin water, No shit!!!
Quote:
Originally Posted by SENGVIN View Post
Well it isn't new property, The house has been there for over 30years, and it went up $717 a month so it has to be miscalculated the escrow on Bank part! And I'm going to kill somebody...
Before you start making "friends" at the bank, do some math first so that you can have a rational conversation.

Did your taxes go up?
How much?
Did the bank have to cover the overage?
Did your insurance go up?
How much?
__________________
Greg

gsd656 is offline   Reply With Quote
Old 04-17-2012, 11:35 AM   #52
jrock
You got the talkin' done
 
jrock's Avatar
 
Join Date: May 2006
Posts: 15,674
Location: Alaska, WI
Sportbike: '00 VFR800Fi & 1979 Honda CB750F
Years Riding: long enough to have fallen off a few times - glad I wear a helmet!
How you found us: Loose Lips Sink Ships, Loose Wires Cause Fires
jrock Walks on F&?kin water, No shit!!!jrock Walks on F&?kin water, No shit!!!jrock Walks on F&?kin water, No shit!!!jrock Walks on F&?kin water, No shit!!!jrock Walks on F&?kin water, No shit!!!jrock Walks on F&?kin water, No shit!!!jrock Walks on F&?kin water, No shit!!!jrock Walks on F&?kin water, No shit!!!jrock Walks on F&?kin water, No shit!!!jrock Walks on F&?kin water, No shit!!!jrock Walks on F&?kin water, No shit!!!
Quote:
Originally Posted by SENGVIN View Post
Well it isn't new property, The house has been there for over 30years, and it went up $717 a month so it has to be miscalculated the escrow on Bank part! And I'm going to kill somebody...
That's crazy huge. What was your yearly tax before this "change?"
__________________
If you ain't with us, then it's just bad news.
jrock is offline   Reply With Quote
Old 04-17-2012, 11:40 AM   #53
Chicago Performance
DONATING MEMBER
 
Chicago Performance's Avatar
 
Join Date: Jun 2007
Posts: 25,061
Location: Northlake, IL 60164
Sportbike: Trackdayz "I" bike!
Years Riding: since last year
How you found us: In a fortune cookie
Chicago Performance Walks on F&?kin water, No shit!!!Chicago Performance Walks on F&?kin water, No shit!!!Chicago Performance Walks on F&?kin water, No shit!!!Chicago Performance Walks on F&?kin water, No shit!!!Chicago Performance Walks on F&?kin water, No shit!!!Chicago Performance Walks on F&?kin water, No shit!!!Chicago Performance Walks on F&?kin water, No shit!!!Chicago Performance Walks on F&?kin water, No shit!!!Chicago Performance Walks on F&?kin water, No shit!!!Chicago Performance Walks on F&?kin water, No shit!!!Chicago Performance Walks on F&?kin water, No shit!!!
The bank could have not realized the shortage until now, and it could have been that way year after year. This last year they did that to me, and my biz bldg. went up a grand a month for a year until they had their cushion.
Chicago Performance is online now   Reply With Quote
Old 04-17-2012, 11:43 AM   #54
gsd656
Greg
 
gsd656's Avatar
 
Join Date: Nov 2007
Posts: 3,676
Location: Morton Grove, Illinois
Sportbike: 2008 HD VRSCAW, 1985 Honda XR350R (Sold), 2001 SV650s (Sold), 2002 Sea-Doo GTX Di
Years Riding: I thought I was getting the hang of it...back to the basics.
How you found us: mentioned on svrider.com
gsd656 Walks on F&?kin water, No shit!!!gsd656 Walks on F&?kin water, No shit!!!gsd656 Walks on F&?kin water, No shit!!!gsd656 Walks on F&?kin water, No shit!!!gsd656 Walks on F&?kin water, No shit!!!gsd656 Walks on F&?kin water, No shit!!!gsd656 Walks on F&?kin water, No shit!!!gsd656 Walks on F&?kin water, No shit!!!gsd656 Walks on F&?kin water, No shit!!!gsd656 Walks on F&?kin water, No shit!!!gsd656 Walks on F&?kin water, No shit!!!
Quote:
Originally Posted by Chicago Performance View Post
The bank could have not realized the shortage until now, and it could have been that way year after year. This last year they did that to me, and my biz bldg. went up a grand a month for a year until they had their cushion.
Did you not see that on your statements?

I did not think that I was the only OCD person that actually pays attention to this stuff. But then I forget that this is CLSB and the ballers do not get phased by a $1K/month extra out of their account.
__________________
Greg

gsd656 is offline   Reply With Quote
Old 04-17-2012, 11:46 AM   #55
Chunk
Registered User
 
Chunk's Avatar
 
Join Date: Jan 2003
Posts: 13,851
Location: Chicago
Sportbike: I don't ride
How you found us: google
Chunk Walks on F&?kin water, No shit!!!Chunk Walks on F&?kin water, No shit!!!Chunk Walks on F&?kin water, No shit!!!Chunk Walks on F&?kin water, No shit!!!Chunk Walks on F&?kin water, No shit!!!Chunk Walks on F&?kin water, No shit!!!Chunk Walks on F&?kin water, No shit!!!Chunk Walks on F&?kin water, No shit!!!Chunk Walks on F&?kin water, No shit!!!Chunk Walks on F&?kin water, No shit!!!Chunk Walks on F&?kin water, No shit!!!
weird my property tax bill went down and I didn't do a thing.
__________________
<---- Useless Mufugga
Chunk is offline   Reply With Quote
Old 04-17-2012, 12:23 PM   #56
Chicago Performance
DONATING MEMBER
 
Chicago Performance's Avatar
 
Join Date: Jun 2007
Posts: 25,061
Location: Northlake, IL 60164
Sportbike: Trackdayz "I" bike!
Years Riding: since last year
How you found us: In a fortune cookie
Chicago Performance Walks on F&?kin water, No shit!!!Chicago Performance Walks on F&?kin water, No shit!!!Chicago Performance Walks on F&?kin water, No shit!!!Chicago Performance Walks on F&?kin water, No shit!!!Chicago Performance Walks on F&?kin water, No shit!!!Chicago Performance Walks on F&?kin water, No shit!!!Chicago Performance Walks on F&?kin water, No shit!!!Chicago Performance Walks on F&?kin water, No shit!!!Chicago Performance Walks on F&?kin water, No shit!!!Chicago Performance Walks on F&?kin water, No shit!!!Chicago Performance Walks on F&?kin water, No shit!!!
Quote:
Originally Posted by gsd656 View Post
Did you not see that on your statements?

I did not think that I was the only OCD person that actually pays attention to this stuff. But then I forget that this is CLSB and the ballers do not get phased by a $1K/month extra out of their account.
Hell yeah I saw it. I sure didn't want to bring it up, then the payments would have started sooner.
Chicago Performance is online now   Reply With Quote
Old 04-17-2012, 12:25 PM   #57
gsd656
Greg
 
gsd656's Avatar
 
Join Date: Nov 2007
Posts: 3,676
Location: Morton Grove, Illinois
Sportbike: 2008 HD VRSCAW, 1985 Honda XR350R (Sold), 2001 SV650s (Sold), 2002 Sea-Doo GTX Di
Years Riding: I thought I was getting the hang of it...back to the basics.
How you found us: mentioned on svrider.com
gsd656 Walks on F&?kin water, No shit!!!gsd656 Walks on F&?kin water, No shit!!!gsd656 Walks on F&?kin water, No shit!!!gsd656 Walks on F&?kin water, No shit!!!gsd656 Walks on F&?kin water, No shit!!!gsd656 Walks on F&?kin water, No shit!!!gsd656 Walks on F&?kin water, No shit!!!gsd656 Walks on F&?kin water, No shit!!!gsd656 Walks on F&?kin water, No shit!!!gsd656 Walks on F&?kin water, No shit!!!gsd656 Walks on F&?kin water, No shit!!!
Quote:
Originally Posted by Chicago Performance View Post
Hell yeah I saw it. I sure didn't want to bring it up, then the payments would have started sooner.
__________________
Greg

gsd656 is offline   Reply With Quote
Old 04-17-2012, 01:02 PM   #58
chibeemer
Registered User
 
chibeemer's Avatar
 
Join Date: Apr 2003
Posts: 2,043
Location: Chicago
Sportbike: BMW R1100s
Years Riding: 13
How you found us: Rider
chibeemer Walks on F&?kin water, No shit!!!chibeemer Walks on F&?kin water, No shit!!!chibeemer Walks on F&?kin water, No shit!!!chibeemer Walks on F&?kin water, No shit!!!chibeemer Walks on F&?kin water, No shit!!!chibeemer Walks on F&?kin water, No shit!!!chibeemer Walks on F&?kin water, No shit!!!chibeemer Walks on F&?kin water, No shit!!!chibeemer Walks on F&?kin water, No shit!!!chibeemer Walks on F&?kin water, No shit!!!chibeemer Walks on F&?kin water, No shit!!!
Quote:
Originally Posted by Grasshopper View Post
I got the same thing. The 2nd installment tax bill will reflect a lower tax bill which will in turn lower your escrow and lower your mortgage payment through your lender.

It is pretty fucked up that the value of our homes have gone down so much and these assholes up the taxes.

Common sense would say that the value of the home is directly related to the taxes you pay. They are crooks. Fucking crook county.
I see the argument but here is the logic. Essentially, the value of your home is only the % share you pay in tax compared with all the others in your tax district.

To be sure, government levies taxes based on expenses. So if you have a government budget of $100 for example and you have two home owners comprising the district its a fact that together those homeowners will have to pay the $100 tax.

However, homeowner 1's property in year X is valued at $1000 and homeowner 2's property is valued at $500. Logic then dictates that homeowner 1 will pay more than homeowner 2 but together they will still pay $100 which covers the budget.

In year X+1 homeowner 1's value decreases to $500 and homeowner 2's value stays the same at $500. Therefore in year X+1 both will pay equal shares of $50 toward the total taxing entity's budget of $100.

So while value is important it is a floating share of the total taxing body's levy, where all property owners essentially have a share of the burden based on individual property value.

The long and the short of this is that government has a budget and regardless of property values increasing or decreasing that total tax must be paid. So yes, property values can fall and you may have an increased tax burden. In fact, ALL property values for ALL properties can fall and EVERYONE may still see bigger bills. That's because the government's budget doesn't shrink.
__________________
Blah, Blah, Blah

Get your Portable ID!
chibeemer is offline   Reply With Quote
Old 04-17-2012, 01:55 PM   #59
chibeemer
Registered User
 
chibeemer's Avatar
 
Join Date: Apr 2003
Posts: 2,043
Location: Chicago
Sportbike: BMW R1100s
Years Riding: 13
How you found us: Rider
chibeemer Walks on F&?kin water, No shit!!!chibeemer Walks on F&?kin water, No shit!!!chibeemer Walks on F&?kin water, No shit!!!chibeemer Walks on F&?kin water, No shit!!!chibeemer Walks on F&?kin water, No shit!!!chibeemer Walks on F&?kin water, No shit!!!chibeemer Walks on F&?kin water, No shit!!!chibeemer Walks on F&?kin water, No shit!!!chibeemer Walks on F&?kin water, No shit!!!chibeemer Walks on F&?kin water, No shit!!!chibeemer Walks on F&?kin water, No shit!!!
Quote:
Originally Posted by Derick View Post
I was just more curious of the tax hikes in dupage, I know that crook is higher, but a significant margin, but is dupage as bad? (looking to buy in the near future, jsut trying to get some info)
Same thing in DuPage. I'm in York township and across the street is another township. My taxes are twice the properties across the street but they are much different homes. The homes across the street go to a different school, they are 2-3 BR, 2 BA ranches, and on smaller parcels so it's only reasonable that they pay less

My taxes are nuts high in York but here is a comparison on the York tax to the tax on my previous home in Chicago:

Home: home is 3x the size and 86 year newer than Chicago home. Lot is 3x larger.

Schools: York goes to an awesome school and we have school age kids. The Chicago property was 2 blocks from a "good" CPS but there wasn't any guaranty our kids would have been accepted (busing program).

Police: I called my local police on a suspicious vehicle and the car was sent by the time I rounded the block on my walk. Chicago 911 sometimes never answered the phone even when some kid was getting the stuffing beat out of him in my front yard or when my neighbor chased his daughters boyfriend down the street with a carving knife on Father's Day.

Park District: In York I can get my kids in any class they want. If the class is full they simply add another class. In Chicago we'd have to wake up at 5am and enter all our data into their website and if you hadn't made the purchase by 6:01am (a minute after going on sale) your kid wouldn't be enrolled. You had an option to wait in line but the lines wound around the block 2-3x for a 5 year old's gymnastics class. Price in York for gym class $65, price in Chicago $14. Attendance in York 100%, attendance in Chicago: just my kid. What's the point of all the pressure/lines if no one shows up.

Tax: I pay twice the tax in York I did in Chicago but I feel I get a whole lot more.

My taxes in York actually went down the past 2 years but that's because the assessor was valuing our house prior to it's sale when we purchased it. After the purchase I checked the tax records and scanned our HUD1 form and sent it to the assessor who re-assessed it at a MUCH lower rate.
__________________
Blah, Blah, Blah

Get your Portable ID!
chibeemer is offline   Reply With Quote
Old 04-17-2012, 08:45 PM   #60
Morrand
Wild slide rule roots
 
Morrand's Avatar
 
Join Date: Jun 2004
Posts: 1,736
Location: Chicago (W. Humboldt Pk.), IL
Sportbike: 2002 Suzuki TL1000R, yel/blk (Street) & '04 GSXR750 (Track)
Years Riding: 8
How you found us: Got the link through NESBA
Morrand Walks on F&?kin water, No shit!!!Morrand Walks on F&?kin water, No shit!!!Morrand Walks on F&?kin water, No shit!!!Morrand Walks on F&?kin water, No shit!!!Morrand Walks on F&?kin water, No shit!!!Morrand Walks on F&?kin water, No shit!!!Morrand Walks on F&?kin water, No shit!!!Morrand Walks on F&?kin water, No shit!!!Morrand Walks on F&?kin water, No shit!!!Morrand Walks on F&?kin water, No shit!!!Morrand Walks on F&?kin water, No shit!!!
In Cook County, you can go to this web site to find out the details about how your property was assessed:

http://www.cookcountyassessor.com

It helps if you have your PIN from either your tax bill or your deed, but there's a search by address option too.

When the data screen comes up, look it over and see if the value and property information make sense. If your township is open for appeal, you can start that through the Assessor's site; if not, you'll have to wait.

Make sure you're getting the homeowner's exemption, if you qualify. Details are, again, on the site.
__________________
Morrand
NESBA #561 (I)
Jabber/Google Talk: morrand276@gmail.com
Morrand is offline   Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On

Forum Jump


All times are GMT -5. The time now is 05:55 PM.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
Chicagolandsportbikes.com
All Rights reserved
2000-2009