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Thread: Arapahoe County just screwed us on our property value!!

  1. #1
    Gold Member Kim-n-Dean's Avatar
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    Arapahoe County just screwed us on our property value!!

    You all know my bitching about not being able to find work!! I'm out of money at the end of this month, too.

    A couple weeks ago my bank calls and says they can save me over $1,000/month if I want to refinance. I'm like, "hell yeah! and tell them Arapahoe values my house at only $201,000." They tell me it's no problem because they don't use county assessments, so my house will come in higher. I needed a value of $220,000 to re-fi. A week later the bank calls me back and says my house is only worth $190,000 because of the foreclosures in my neighborhood and I can't re-fi.

    I haven't worked in almost two years and have never missed or been late on ANY of our bills!! My bank tells us that we are "Top 100" customers because of our history with them. Both our credit scores are over 700 and those assholes are going to base my situation on the assholes that didn't pay their bills!! That's bull shit!!

    I've met with several people from the mortgage dept., raising hell that this isn't right. They look up my value again and come back with an even lower $182,000. I tell them that if they are going to base my situation on people who don't pay their bills, then I'm going to become one as well.

    Anyway, here's the point. My bank gives me paper work to go to the county and get my value reduced for my property taxes. I was going to go down today, but on Saturday, we got a letter from the county stating they raised my value to $213,100. They base this value on sales that took place in April of 2009, two years ago. I can appeal, but can't use any sales data past June 30, 2010.

    How can they do this? Fucking thieves!! More proof that the government isn't doing shit to fix a damn thing!!
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  2. #2
    Gold Member salsashark's Avatar
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    Re: Arapahoe County just screwed us on our property value!!

    I hear ya... I received both of my assessments on Saturday. I think it's brilliant they send them out on a Saturday so that people can't flood they're offices as soon as they get them.

    You want to see a brilliant assessment, I'll show you my townhouse. They used foreclosure sales around 60K less than what I bought mine for
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  3. #3
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    Re: Arapahoe County just screwed us on our property value!!

    same here...mine came in over the weekend and I lost around $25k value to the house and property.
    EAT BACON!

  4. #4
    Gold Member Kim-n-Dean's Avatar
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    Re: Arapahoe County just screwed us on our property value!!

    You guys got yours lowered. They RAISED mine based on sales from two years ago!!
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  5. #5
    Senior Member UglyDogRacing's Avatar
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    Re: Arapahoe County just screwed us on our property value!!

    Arapahoe County raised mine by 15k.
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    Senior Member vort3xr6's Avatar
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    Re: Arapahoe County just screwed us on our property value!!

    I am a new homeowner. Should I be expecting this from somewhere? I live in Jefferson county.

  7. #7
    Senior Member sprtbkbabe's Avatar
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    Re: Arapahoe County just screwed us on our property value!!

    http://www.thedenverchannel.com/news...27/detail.html

    I don't know how anyone within the metro area can have their parcel appraised higher. This state's gone almost bankrupt!

    When I called the 'Hope for Homeowners' a couple of years ago to see if I could lower payments since I knew the housing mkt was going to go lower, they said that they would not review my loan because I paid on time.

    Funny though, the Bank of America rep said that if I stop paying for 3 months, it forces them to review the loan no matter; a loan modification. I can't bring myself to skip a payment though.
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  8. #8
    Gold Member bulldog's Avatar
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    Re: Arapahoe County just screwed us on our property value!!

    Got mine on Saturday and lost $17k in value
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  9. #9
    Senior Member Vellos's Avatar
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    Re: Arapahoe County just screwed us on our property value!!

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    Member Graphite675's Avatar
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    Re: Arapahoe County just screwed us on our property value!!

    Quote Originally Posted by Kim-n-Dean View Post
    You guys got yours lowered. They RAISED mine based on sales from two years ago!!

    I hear you. Mine just got raised also (El Paso county). My taxes just went up several hundreds dollars year because of it. How can that be?? Properties are not selling and going down in value yet my tax value is going up? What they listed on my taxes as "market" value on my house is way over priced. No way it would sell for anything near that right now. I'm all for raising the value of the house but let's be realistic. It's just another scam for the Gov to make money.

    I'm never going to get ahead in this economy! I was better off 10 years ago then I am now.
    ARGH!


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  11. #11
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    Re: Arapahoe County just screwed us on our property value!!

    Mine went up last year a bit, about 13k down this year. I don't care much, it's lower taxes for me and I'm not selling for a long time, so they can keep it low until then as far as I'm concerned.

    Banks will fuck ya too. Good customers are getting screwed right now as part of the whole "help the penniless" push.
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  12. #12
    Senior Member Rooster's Avatar
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    Re: Arapahoe County just screwed us on our property value!!

    Quote Originally Posted by Graphite675 View Post
    I hear you. Mine just got raised also (El Paso county). My taxes just went up several hundreds dollars year because of it. How can that be?? Properties are not selling and going down in value yet my tax value is going up? What they listed on my taxes as "market" value on my house is way over priced. No way it would sell for anything near that right now. I'm all for raising the value of the house but let's be realistic. It's just another scam for the Gov to make money.

    I'm never going to get ahead in this economy! I was better off 10 years ago then I am now.
    ARGH!


    .
    same with me, got my shit in saturday and my tax value raised a little over 15K. but when i called the bank to review it they said my value dropped 20K because people in my neighborhood have forclosed on there homes and it makes the neighborhood bad or something. WTF!!!!!
    this country and especially state has all gone to hell. how the fuck can they raise my tax value but lower my house value. its just a way for the state to fuck us in paying them more. now with me out of a job and going to school im gonna end up losing my house and having to move back to maryland under my in-laws roof! this is bullshit! my hands are literally shaking cause im so mad.
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  13. #13
    Senior Member Rooster's Avatar
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    Re: Arapahoe County just screwed us on our property value!!

    Quote Originally Posted by rforsythe View Post
    Mine went up last year a bit, about 13k down this year. I don't care much, it's lower taxes for me and I'm not selling for a long time, so they can keep it low until then as far as I'm concerned.

    Banks will fuck ya too. Good customers are getting screwed right now as part of the whole "help the penniless" push.
    and that pisses me off too! just cause i make my payments in full and on time or even pay more and early than im soppose too im gonna get fucked? i just opened the letter a few minutes ago and freaking the fuck out. how in the hell do they justify screwing the good guy to help out the bad guy. im not saying everyone in a hard time is bad but lets face it. there are people out there who just dont give a dam. cause they know the goverment will pitty them and literally wipe there ass if they dont do it them dam selves!
    Rooster

  14. #14
    Gold Member salsashark's Avatar
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    Re: Arapahoe County just screwed us on our property value!!

    The banks and .gov continually screwing those of us who have actually paid our bills is what really strikes a nerve with me. I am so tired of having to work my ass off so I can prop up the dumb ass who bought a house they couldn't afford, then sucked out imaginary equity and now claim it's not their fault.

    If my job was not dependent upon me keeping a good credit score and staying financially stable, I'd stop payments on both of my properties immediately. It will take the banks months to do anything, then months upon months to eventually foreclose. A couple of legal paperwork maneuvers and I could live for free for a couple of years before they demand the keys... and at that point, they can have 'em!

    Hmmmmm...
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  15. #15
    Gold Member Kim-n-Dean's Avatar
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    Re: Arapahoe County just screwed us on our property value!!

    Now you guys get what I'm saying!!!!!!!!!!!

    I pay my bills, without working for two years, and these assholes are fucking me because everyone else was irresponsible!!!!!!!!! We do not live beyond our means, but if you take away my work, how the fuck am I supposed to keep paying?!?!?!?

    They won't refinance me, so now I get to become a statistic!!!! However, I'm not the kind of person to shirk my responsibility! So, I guess I'll pay 'till I'm completely fucked and out of money!!!
    Kim & Dean
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  16. #16
    Senior Member tecknojoe's Avatar
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    Re: Arapahoe County just screwed us on our property value!!

    All, please educate me a little since I'm planning on buying this summer.

    From what I understand, values go up and down. So, even if you're now down 20k, wouldn't you expect it to spring back eventually? I thought it just kind of fluctuates based on the market. More foreclosures, lower values.

    I'm trying to buy now since rates are low and it would be nice to lock in something good.

    I know it sucks for some that have posted here, but how can someone like me take advantage of the current market?
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  17. #17
    Gold Member Zach929rr's Avatar
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    Re: Arapahoe County just screwed us on our property value!!

    Quote Originally Posted by tecknojoe View Post
    I'm trying to buy now since rates are low and it would be nice to lock in something good.
    Hope you have stupid good credit and a lot to put down.
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    Gold Member MetaLord 9's Avatar
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    Re: Arapahoe County just screwed us on our property value!!

    Quote Originally Posted by tecknojoe View Post
    All, please educate me a little since I'm planning on buying this summer.

    From what I understand, values go up and down. So, even if you're now down 20k, wouldn't you expect it to spring back eventually? I thought it just kind of fluctuates based on the market. More foreclosures, lower values.

    I'm trying to buy now since rates are low and it would be nice to lock in something good.

    I know it sucks for some that have posted here, but how can someone like me take advantage of the current market?
    ^^Ditto.

    Basically, buy something with as close to instant equity as you can get

    Zach, you don't need as much to put down with really good credit. I was afraid I was going to have to put 20% down and it's looking like I won't have to do that in the end
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  19. #19
    Senior Member tecknojoe's Avatar
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    Re: Arapahoe County just screwed us on our property value!!

    Quote Originally Posted by salsashark View Post
    If my job was not dependent upon me keeping a good credit score and staying financially stable, I'd stop payments on both of my properties immediately. It will take the banks months to do anything, then months upon months to eventually foreclose. A couple of legal paperwork maneuvers and I could live for free for a couple of years before they demand the keys... and at that point, they can have 'em!

    Hmmmmm...

    don't do it
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  20. #20
    Gold Member Kim-n-Dean's Avatar
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    Re: Arapahoe County just screwed us on our property value!!

    Quote Originally Posted by tecknojoe View Post
    All, please educate me a little since I'm planning on buying this summer.

    From what I understand, values go up and down. So, even if you're now down 20k, wouldn't you expect it to spring back eventually? I thought it just kind of fluctuates based on the market. More foreclosures, lower values.

    I'm trying to buy now since rates are low and it would be nice to lock in something good.

    I know it sucks for some that have posted here, but how can someone like me take advantage of the current market?
    To take advantage all you need to do is buy!!

    I'm bitching because the banks base my value on foreclosures. Yet, the county bases my value on home sales from two years ago.

    I can't re-fi, but I can pay more in property taxes...
    Kim & Dean
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    Gold Member Zach929rr's Avatar
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    Re: Arapahoe County just screwed us on our property value!!

    Quote Originally Posted by MetaLord 9 View Post
    Zach, you don't need as much to put down with really good credit. I was afraid I was going to have to put 20% down and it's looking like I won't have to do that in the end
    I guess it's good to hear that's not the case anymore.
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  22. #22
    Senior Member TinkerinWstuff's Avatar
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    Re: Arapahoe County just screwed us on our property value!!

    Ours went up $2500 in Weld. I also say but consider us lucky compared to some of you I guess.
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  23. #23
    Gold Member Yearly Supporter McVaaahhh's Avatar
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    Re: Arapahoe County just screwed us on our property value!!

    Yeah the bank bases it on what they might be able to sell it for, and unfortunately the foreclosures drag all the values down.

    The county, on the other hand, bases their value on some imaginary formula that equals the absolute most that they can get from you.

    Really sucks, but the local governments are as broke as the rest of us in this economy so they're doing what they can to survive, which usually mean screwing the middle-class worker rather than looking at their own budgets and eliminating waste.
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  24. #24
    Senior Member TinkerinWstuff's Avatar
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    Re: Arapahoe County just screwed us on our property value!!

    that's my opinion as well
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