Thanks to Cara for bringing a close knowledge to the subject. I am better informed because of it.
One of my original points still is unanswered. What's to prevent the selling of these homes to close friends and relatives? What about the "side payments" or unknown transactions that will occur between the buyer and seller? When I am selling something for less then it is worth. People will pay more then the posted price for it. If you don't believe me, check out what happens to rent controlled apartments when they change hands in NY NY. Lock and key fees of over $10,000 per year are common. Also. The basis of any adjustment of accessed value is comparative sales. Known as "comps". There will always be discrepancies that assessors and busy city hall types might not catch. Houses that would sell for 200k that but go for 125k will still gum up the accessing and challenge process. Craig A. Miller Former Fultonite [EMAIL PROTECTED] _______________________________________ Minneapolis Issues Forum - A Civil City Civic Discussion - Mn E-Democracy Post messages to: [EMAIL PROTECTED] Subscribe, Unsubscribe, Digest option, and more: http://e-democracy.org/mpls
