Susan Portnoy: Q4 Is The ‘Super Bowl’ Of Real Estate Tax Season

PERSON OF THE WEEK: The fourth quarter is always a busy time of year for real estate tax matters – especially for mortgage servicers because they must be aware of any tax liens or other tax issues that could end up impacting their portfolios. Read More

Delinquent Utility Bills And The Risk To Lenders

By Susan Portnoy, Karen Stephens, and Jessica Phoonphiphatana

Despite the fact that delinquency rates are falling, lenders are still losing properties due to unpaid property taxes and utility bills. There has been an increase in the number of properties getting to the more severe status of “pay delinquency immediately or lose the property.” Read More

 

Regulation AB – What Leadership Needs to Know

By Jessica Phoonphiphatana, Vice President and Business Operation Manager & Karen Stephens, Vice President and Outsource Manager at LERETA

With new regulations sweeping the financial industry, it is important that bank leadership and lenders do not forget to properly monitor their compliance with existing rules. Regulation AB is such rule that can land lenders in a world of trouble if not followed correctly. Read More

 

Why It's Crucial to Properly Handle Property Taxes

By: Richard Yonis
August 31, 2016


Property tax season may seem daunting, just like income tax season, but it certainly does not have to be. With the right processes and partnerships in place, companies can rest easy and feel confident that property taxes are paid correctly. Read More

 

New LERETA Data Finds Southern, Central States Have Highest Number of Unassessed Properties

COVINA, Calif. -- Louisiana, Alabama and Kansas top the list of states with the highest percentage of properties with a zero tax bill, according to recent data from LERETA, a leading national real estate tax and flood service provider. There are several reasons for this situation, including a significantly low property assessment, publicly owned property or forgiveness of property tax for other reasons. Read More

 

LERETA Partners with ReverseVision, Integrates Services into RV Exchange LOS

Strategic alliance enables LERETA to expand its presence in the reverse mortgage space

COVINA, Calif. -- LERETA, a leading national real estate tax and flood service provider, has partnered with ReverseVision, a driving innovator in the reverse mortgage industry, to integrate LERETA’s property tax and flood data services into ReverseVision’s RV Exchange (RVX) loan origination system (LOS), broadening LERETA’s presence in the reverse mortgage market.

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Who Pays The Highest Property Taxes?

July 26, 2016/ in Market Analysis / by Tony Garritano

Property owners in the Manhattan borough of New York have the highest average property tax bills in the country, according to recent data from LERETA, a leading national real estate tax and flood service provider. Using property tax data collected from January 2015 to April of this year, the average bill in that borough was $95,729 and the median was $11,363. This information includes the influence of commercial property, which includes the business district, hotels and tour attractions. The Bronx was a distant second with an average bill of $12,243.

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New York Borough Has Highest Property Tax Bills

COVINA, Calif. -- Property owners in the Manhattan borough of New York have the highest average property tax bills in the country, according to recent data from LERETA, a leading national real estate tax and flood service provider. Using property tax data collected from January 2015 to April of this year, the average bill in that borough was $95,729 and the median was $11,363. This information includes the influence of commercial property, which includes the business district, hotels and tour attractions. The Bronx was a distant second with an average bill of $12,243.

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LERETA Signs 47 New Clients for Tax, Flood Services

National service provider welcomes new credit union, mortgage clients

COVINA, Calif. -- LERETA, the leading national real estate tax and flood service provider, has added 47 new clients during March, April, May and June. These companies include traditional mortgage lenders, community banks, credit unions and reverse mortgage lenders, among others.

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MBA NewsLink: Q&A with John Walsh

Q/A with John Walsh of LERETA Inc.

MBA NewsLink Staff

June 21, 2016

MBA NewsLink recently posed questions to John Walsh, CEO of LERETA, Covina, Calif., a national provider of property tax and flood hazard data for the real estate industry.

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LERETA Whitepaper Examines Unique Property Tax Rules for Wisconsin

Do you have loans in Wisconsin? The Cheesehead Challenge, a white paper prepared by LERETA's tax experts, Douglas Dick and Sandra Rodarte, explains Wisconsin's unique property tax rules and what lenders need to do to ensure compliance in the state.

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