A property tax reckoning is coming
APRIL 25, 2022
In Spokane, Washington, a mortgage loan officer at a regional bank has seen five borrowers qualify for a mortgage for one amount, only to have that number slashed a few months later. “They were approved in December,” he said. “Now they’ve gone from $450,000 down to $325,000.”. The reason behind the change, he said, is not that they had a sudden reduction in income, or an emergency expense that drained their savings.
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