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Kohan is also delinquent on $306,000 of property taxes owing on the Westwood Mall. [119] In May 2024, notice was posted on the Fairlane Town Center in Dearborn, Michigan that Kohan was delinquent on their electric and gas bill due to DTE Energy, but payment was made in time to avoid a shutoff. Kohan remains delinquent on $2.1 million in ...
A federal tax lien arising by law as described above is valid against the taxpayer without any further action by the government. The general rule is that where two or more creditors have competing liens against the same property, the creditor whose lien was perfected at the earlier time takes priority over the creditor whose lien was perfected at a later time (there are exceptions to this rule ...
A tax sale is the forced sale of property (usually real estate) by a governmental entity for unpaid taxes by the property's owner.. The sale, depending on the jurisdiction, may be a tax deed sale (whereby the actual property is sold) or a tax lien sale (whereby a lien on the property is sold) Under the tax lien sale process, depending on the jurisdiction, after a specified period of time if ...
In the paper, Richmond Federal Reserve Bank senior economist Borys Grochulski and vice president of research Zhu Wang argue that the U.S. model for real estate commissions is “puzzling” and an ...
The Richmond City Council consists of nine members, each elected to represent one of the nine Richmond Voting Districts for a four-year term. The City Council is responsible for creating and amending local laws, providing policy and government oversight, appointing members to boards and commissions, and approving the annual city budget.
A real estate license is an authorization issued by a government body to give agents and brokers the legal authority to represent a home seller or buyer in a real estate transaction. Real estate agents and real estate brokers are required to be licensed when conducting real estate transactions in the United States and in a small number of other ...