by Andrew Martinez, National Mortgage News | July 27, 2023
Mortgage lenders could be missing out on a way to re-engage with homeowners and guide them to potential thousands of dollars in savings.
Property tax payments are climbing at an exponential rate, but homeowners can offset those costs with a successful property tax assessment appeal. Borrowers may not win every case, but real estate professionals are calling on originators to share the message with their customers and help them challenge assessments too high for their home’s current values.
“They’re largely in the dark,” said Alison Tulio, president of Incenter Tax Solutions, about mortgage professionals. “And I think when they do hear about it, they think it’s too good to be true. It’s not.”