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Dr. Karen Lewis, Broker 954-2489149, No Compromise When it Comes to Our Clients! (Align Right Realty K1 Group)

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Rainmaker
1,852,231
Lyn Sims
Schaumburg, IL
Real Estate Broker Retired

Financed thru your taxes? huh? 

No I haven't heard of it but in my state these would end up as mechanics liens for sure.

May 02, 2017 05:06 AM
Rainer
471,903
David M. Dwares
Title Professionals Corp. - Fort Lauderdale, FL
Title guy with a broker license

They finance home improvements, with the payments being made as part of your real estate taxes.  I think its a good idea in theory but there have been reports of high fees and questions as to whether or not the balance has to be paid upon the sale of the property.

It's part of the PACE program.  Link below for more info:

https://energy.gov/eere/slsc/property-assessed-clean-energy-programs

 

 

May 02, 2017 06:02 AM
Rainmaker
5,140,989
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

All I can say is "there's one born every minute."

May 02, 2017 05:32 AM
Rainmaker
4,600,807
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

Unfamiliar.  Seems too good to be true.   I suggest additional review for anyone interested in such programs.  

May 02, 2017 05:01 AM
Ambassador
5,077,840
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Nope, and I would steer clear. Sounds a little like the HERO program here when your roof, siding or windows financesd through the program (at high rates) end up as a tax lien. They are being investigated.

May 02, 2017 06:26 AM
Rainer
117,135
Christine Kankowski North SD and Temecula
House Match Inc - Poway, CA
Excellent Sales and Property Management

Hero loans do the same and are put on your taxes.  This might post a problem when trying to sell you home.  For example, the buyer isn't going to want to make payments on a heater, when your sale price is high enough that a heater should be part of the sale.  Sellers end up having to pay it off at closing and didn't really save any money due to interest, etc. 

May 02, 2017 07:43 AM
Ambassador
2,204,740
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Prop. Mgr, Wenatchee, WA

They suck people in with the "100% financing", "not credit based" and "no proof of employment or income".  That should be the red light and screaming siren right there.   As Barbara Todaro asked "What is the vig".  Look up the term "vigorish". 

Financed through taxes?  That's a great way to get your home foreclosed on if you can't pay.

BTW:  I just looked at their website.  They only operate in CA and FL, so the rest of us are safe... for now!  


May 02, 2017 07:27 AM
Rainmaker
5,583,328
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

what's the vig????

May 02, 2017 06:56 AM
Rainmaker
2,206,348
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

I wouldn't recommend them

May 02, 2017 06:38 AM
Rainmaker
5,283,641
Wayne Martin
Wayne M Martin - Oswego, IL
Real Estate Broker - Retired

Run Karen run! Does not have a good smell!

May 02, 2017 06:27 AM
Rainmaker
1,564,754
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
CEO of Vision Drive Realty - Coastal San Diego

No, are they national or only in your state? Interesting opportunity, curious on the fine print?

May 02, 2017 05:57 AM
Ambassador
6,464,866
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Never a fan of govt overreach programs, wish they would stay out of housing. 

Every time they get involved a simple project becomes  much more expensive one with added time, permits and specs.

May 02, 2017 05:28 AM
Rainmaker
1,713,076
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Nope.

May 02, 2017 05:18 AM
Rainmaker
4,800,132
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

This sounds like a company that I would be very leery of using.

May 02, 2017 05:16 AM
Rainmaker
4,938,965
Richard Weeks
Dallas, TX
REALTOR®, Broker

Sorry, never heard of them.

May 02, 2017 05:15 AM
Rainmaker
7,913,941
Roy Kelley
Retired - Gaithersburg, MD

I am not familiar with this company.

May 02, 2017 04:58 AM
Ambassador
5,294,410
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

Interesting - I've never heard of it. Financing through your taxes would lead me to think they're putting a lien on your property - a pretty scary thing to me!

May 02, 2017 08:11 PM
Ambassador
2,685,060
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

 Maybe in California... but I don't see "paying through your taxes" happening in Florida

May 02, 2017 06:03 PM
Rainmaker
4,208,760
John Pusa
Glendale, CA

Karen Jones Lewis, MBA, Realtor Locally, a similar plan offered through HERO program.

May 02, 2017 05:47 PM
Ambassador
1,081,007
John Meussner
Mortgages in AZ, CA, CO, DE, FL, GA, IN, MD, MN, MT, NC, NJ, NV, OK, OR, PA, SC, SD, TN, TX, UT, VA, WI - Fair Oaks, CA
#MortgageMadeEasy Fair Oaks, CA 484-680-4852

Nope but it sounds like a ploy that becomes a nightmare when people try to refinance their home - similar to our "HERO" program, which is hell for homeowners, and generally a total ripoff.  0% down, and overpriced everything along the way.

May 02, 2017 01:45 PM
Rainmaker
1,617,976
Harry F. D'Elia III
WEDO Real Estate and Beyond, LLC - Phoenix, AZ
Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

what is the interest rate?

May 02, 2017 09:52 AM
Rainmaker
1,525,616
Sybil Campbell
Fernandina Beach, FL
Referral Agent Amelia Island Florida

Sorry I have never heard of them.

May 02, 2017 09:10 AM
Rainmaker
994,052
Jennifer Mackay
Counts Real Estate Group, Inc. - Panama City, FL
Your Bay County Florida Realtor 850.774.6582

Never heard of them - what if you don't have taxes returned LOL

May 02, 2017 09:07 AM
Rainmaker
5,773,781
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Is that all you get?  I agree with Nina Hollander 

May 02, 2017 06:37 AM
Rainmaker
599,784
Nathan Gesner
American West Realty and Management - Cody, WY
Broker / Property Manager

I haven't heard of it and it sets off my Spidey senses.

May 02, 2017 05:58 AM
Rainmaker
3,416,088
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

Never heard of them but sounds like you sign your tax return over to them. Not the best in ways to get home improvements accomplished

May 02, 2017 05:46 AM
Rainmaker
1,045,440
Dave Martin (703) 585-4687
Fairfax Realty - Fairfax, VA
Making Realty Dreams a Reality #WeWillGetYouHome

No I haven't heard of it but in my state these would end up as mechanics liens for sure.

Apr 01, 2018 04:26 PM
Rainmaker
5,001,176
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Sorry Karen, never hear of them.

 

May 04, 2017 02:51 PM
Rainmaker
5,895,142
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Thanks for the heads up Karen, had not heard of this.

May 04, 2017 08:08 AM
Rainmaker
4,434,177
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

No

May 03, 2017 03:15 AM
Rainmaker
4,320,142
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Karen Jones Lewis, MBA, Realtor - now is this the beginning of an end - another cycle?

May 02, 2017 10:34 PM
Rainmaker
1,511,483
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Not sure how that would work.  Never heard of this.

May 02, 2017 09:56 AM
Ambassador
3,357,289
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

Sounds like trouble on the horizon.  No. I have not heard of that company. I would stay clear of them.

May 02, 2017 07:55 AM
Rainmaker
1,157,791
FN LN
Toronto, ON

No.

May 02, 2017 06:40 AM
Rainmaker
1,466,257
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Karen Jones Lewis, MBA, Realtor I have not heard of them.

May 02, 2017 06:13 AM