Property Tax Grievances

The real estate market has softened and property values continue to decline throughout many areas of Long Island and New York City. Unfortunately, the local Assessor's offices have failed to recognize this trend and continue to raise property taxes for most homeowners.  As a result, your assessed property value may exceed its current market value.  If so, you may be entitled to a significant reduction in current and future property taxes.  

An current market appraisal by a local Certified appraiser is the best way to prove to to your local taxing authority that you have been over assessed.  In addition to providing you with your properties current valuation we can also assist you with valuable information about the process for challenging you assessment including: dates, contact information, relevant taxing, authorities, forms and websites.

 PMI Removal (mortgage insurance)

Private Mortgage Insurance (PMI) is required when you buy a house with less than twenty percent down. PMI guarantees protection for lenders against the costs of foreclosure. This insurance protection is provided by private mortgage-insurance companies. It enables lenders to accept lower down payments than they would normally accept.

The cost of PMI increases as your down payment decreases and your PMI premium is normally added to your monthly mortgage payment.

To cancel the PMI on your loan, contact your lender. In most cases, an appraisal will be required to determine the value of your property and you are generally responsible for this process and the cost of the appraisal.

Once the appraiser is able to determine that the value of your home has increased enough to meet the twenty percent down payment, PMI will be removed from your mortgage and you will no longer need to submit the payment for the monthly premium.