Page 148 - Property Value News Today

Illegal aliens. this judge jane boyle, u.s. district court judge ruled that ordinance 2952, a more recent version was unconstitutional and our council voted last week to appeal that to the fifth circuit court of appeals. >> greta: what provoked or prompted to you pass this ordinance in the first place? was there an episode or incident? >> the first one that comes to mind we had a 2-year-old little girl killed in a drive-by shooting in 2006 and the two people now in jail for that crime were illeg...

Here. here is an interesting conundrum people are faced with. high taxes, high property taxes. a lot of peoples taxes were based on property value in 2005, 2006, 2007. look at this. you might have had a house back then that was worth a lot of money. lets say 2007. and you were assessed taxation as a result of that. but then your value has come down from your house. but now youre still stuck with taxes that are based on a higher value. what are you supposed to do about that? there are a few thing...

>> there are some states that provide protections for consumers in this situation, but in most states, youre responsible. you signed a mortgage document, and this is one of the serious reprocussions after you engage in a short sale or foreclosure. >> a lot of time people foreclose or in default because maybe theyre under water, their home is under water, so to speak, and it doesnt necessarily hold the value any more. youre still going to get your property tax assessments from your county, and yo...

I can say that. but what was the death nail was when they chose, the federal government of the us, chose to put the interstate highway through the heart of our community and then couple that with having checks being given through what they call urban renewal to homes that had their property value driven down recently by the building of those interstate highways. so as a result of today, fast—forward 100 years later, the largest land owner in the greenwood district is the city of tulsa, the sam...

I mean, we saw what harvey did in texas. i have family in texas. and its always the -- im sure, you know, i would hope that everyone feels that way. >> and listen, heres an interesting thing. no one knows -- because, you know, its a science but its not an exact science, if its going to hit -- we believe around surnday morkning but it going to be at its worst. so you have no idea when youre going to get home and what youre going to find when you get there. >> exactly. that is part of the decision...

This would be signed into law and hear reid would stop blocking. >> thats absolutely true. reid, there have been rumors a lot in nevada that he doesnt even own a home there. he lives in a hotel. ing this there was a then there was a land deal he made $700 million offer shady thing. >> its amazing. you look through harry reids three decades in the senate and conghujuáip &c @&c@ what you find is a long history of land deals. there is this one in 2004 that profited $700,000. there is these earmark...

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To make the right decision, not destroy the property value in this city. thats what bankruptcy will do. >> several of you have taken additional compensation in the form of retirement money. >> a lot of our problems are a result of todays council and their bad decisions. it would be unfair to say past councils going 10, 15, 20 years back did not make some of the same mistakes. >> in 2002 i was diagnosed with a brain tumor. i will lose my medical coverage, and for me i feel like its a death senten...

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