A Little Thinking on the Future of Assessments, Please.

The typical model for mass appraisal is very good at tracking and accounting for increases in sales prices. But not so good in the other direction. When the fair market value of a property falls below the mortgage balance, many would-be sellers cannot sell. They simply stay off the market.

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CLIFF TUTTLE has been a Pennsylvania lawyer for over 45 years and (inter alia) is a real estate litigator and legal writer. The posts in this blog are intended to provide general information about legal topics of interest to lawyers and consumers with a Pittsburgh and Western Pennsylvania focus. However, this information does not constitute legal advice and there is no lawyer-client relationship created when you read this blog. You are encouraged to leave comments but be aware that posted comments can be read by others. If you wish to contact me in privacy, please use the Contact Form located immediately below this message. I will reply promptly and in strict confidence.

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