Tighter Regulations Leave Less Room for Error When Computing and Disclosing How Much Mortgages Cost. John Adams at American Banker reports that Ernst Publishing, not related to the accounting company, sells technology and closing cost data to mortgage market players. Its clients include nine of the largest ten originators and servicers and the largest five title insurance companies. And it has now received a U.S. patent for its recording fee and tax calculator, called “System and Method for Generating and Tracking Field Values of Mortgage Forms.” Read the whole thing here. More:
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A County Buys a Strip Mall Under Eminent Domain Process; at Issue is Whether Chairs and Tables Require Additional Tax A Bankrate Tax Talk column at Fox Business News Personal Finance site considers a rather unusual case of a strip mall’s sale:
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Add Value to Appraisals. Ask First: “Who’s the Most Important Reader?” Rand M. Curtiss explains how appraisals have the most value when consultants have customized and focused them for their most important intended audience. In some cases, that may be a prospective buyer. In other cases, it might be a client auditor—or even the IRS. That can make quite a bit of difference. Here’s why.