Reply to Pre-foreclosure next door- how scared should we be?

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[quote=Anonymous][quote=Anonymous]
It just so happens the ones in the foreclosed houses, or "old" houses, seem obsessed and nosy.

Frankly, the wealthy ones who can afford the neighborhood don't have that kind of time on their hands.  The former's time is money - they are certainly not spending it worried about their neighbors.

Would the ones who bought their house on foreclosure have any reason to feel "superior" to their neighbors, or instead perhaps indebted to their neighbors?  After all, the neighbors in the more expensive houses probably pay more taxes and "carry" the ones who bought on foreclosure.  The ones who bought on foreclosure should show deference and be grateful they are there at all, really.  The latter should be the ones putting up curtains.

In fact, maybe their neighbors will buy them some so they don't have to see (the foreclosed house's) sheets in the window, much like a shanty.  Really.

[/quote]

Foreclosure doesn't affect the tax assessment, so people who buy foreclosures do not necessarily pay less in taxes.  I really get irritated at how misinformed people are about property taxes.  Property tax assessments are completely separate from real estate appraisals.  They're different entities doing them.  I hear people yammering on and on about how the value of their house dropped because their tax assessment was lowered.  No, it hasn't.  Appraisers don't use tax assessments *at all* to determine value.  And vice versa, tax assessments have very little do with how much you paid for your house.  (The exception, of course, is for new construction.  That's a different tax animal altogether because there are usually front foot fees an other additional taxes included.)

And the nosy neighbor on this thread seems to be the lady who doesn't like foreclosure people.  She's the one obsessed with her neighbor's windows. [/quote]

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