Monday, March 27, 2017
Friday, March 24, 2017
Sunday, March 19, 2017
How long does a tile roof last
"Perhaps the most important advantage of tile roofing is its lifespan. In general, a cared for and well maintained tile roof can last 50 years, although there are buildings in Europe whose tile roofs have lasted for centuries. Tile roofs exceed all other types of roofing materials for longevity.Mar 28, 2013
How Long Does A Tile Roof Last - Roofing ..
Wednesday, March 15, 2017
PACE Program for home repairs BEWARE. http://paceapproved.com
I believe there is a government loan program for certain energy efficient upgrades called "PACE" It allows the contractor that is going the work to sell you one of these loans with little regard to your ability to pay. It is attached as an assessment and must be paid back yearly. I could be wrong on this concept , but I would do some research before getting involved.....Read on...Concerns[edit]
I believe this might be what he buzz is all about for financing home efficiency upgrades. Do your homework before signing. Has a few pitfalls.
For consumers, PACE type programs have several problems. Most significantly, homeowners are financed for the home improvements without any assessment of whether the financing is affordable for the homeowner.[16][17] Because the PACE financing is structured as a tax assessment instead of a loan, the PACE programs do not have to provide to homeowners the same disclosures about the financing costs that traditional lenders must provide.[17] Without either an assessment of affordability or these disclosures about the costs of the financing, homeowners depend on what the PACE program providers tell them when trying to figure out whether the financing is affordable. Homeowners have complained that PACE contractors are lying about the costs of financing as part of selling the program.[18] These problems create a situation in which homeowners can suddenly owe far more in property taxes than they can afford to repay; this is especially true for retired and disabled homeowners on fixed incomes. PACE architects Cisco DeVries and Matthew Brown deny these claims as "isolated incidents".
The costs for consumers with PACE financing is also quite high. Interest rates for PACE programs are usually 3-4% higher than for traditional mortgage loans, with additional administrative fees close to 5%. [16][17]
Many buyers and sellers have had difficulty with sales of homes burdened with PACE tax assessments. Some buyers find out about the assessments after the sale, forcing them to pay money out-of-pocket unexpectedly.[19] Sellers have sometimes been forced to pay off the PACE assessment or lower the sale price to compensate for the PACE tax assessment.[20][21][22]
A problem with PACE for both residential lenders and consumers is that the tax liens for PACE financing take priority over other lien-holders, and those lien-holders are not notified or given an opportunity to object.[23][24] Commercial PACE is less problematic because priority lien-holders for those properties are notified before hand. Fannie Mae and Freddie Mac have refused to purchase or underwrite loans for properties with existing PACE-based tax assessments.[25][26] but announced guidance in mid-2016 for limited financing of properties with PACE obligations.[27]
